Bond Turkiye 0% ( TRT161013T13 ) in TRY

Issuer	Turkiye
Market price	100 % ⇌
Country	Turkey
ISIN code	TRT161013T13 ( in TRY )
Interest rate	0%
Maturity	16/10/2013 - Bond has expired
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Minimal amount	100 TRY
Total amount	600 000 000 TRY
Detailed description	Turkey is a transcontinental Eurasian country spanning Western Asia and Southeastern Europe, with a rich history and diverse cultural heritage encompassing influences from various empires and civilizations. An analysis of the Republic of Turkey's sovereign debt portfolio highlights the recently matured bond identified by ISIN code TRT161013T13. The Republic of Turkey, a key emerging market economy based in Turkey with a diversified economic structure encompassing robust manufacturing, agricultural, and service sectors, regularly engages with both domestic and international capital markets to manage its public finances. As a sovereign issuer, Turkey's financial instruments are closely observed by global investors, reflecting the nation's macroeconomic performance, fiscal policies, and broader geopolitical landscape. This specific bond, denominated in Turkish Lira (TRY), represented a total issue size of 600,000,000 TRY, with a minimum purchase amount set at 100 TRY. Notably, the instrument carried a 0% interest rate, indicating it was likely a zero-coupon bond, where the investor's return would be realized through the difference between a discounted purchase price and a full principal repayment, or a bond with no periodic coupon payments redeemed at par. With a definitive maturity date of October 16, 2013, and a payment frequency of one, signifying the singular principal repayment event, this debt obligation has successfully completed its lifecycle. As confirmed, this bond has fully matured and has been repaid to its holders at 100% of its face value, reaffirming the issuer's adherence to its financial commitments on schedule.