Bond Turkiye 8.8% ( TRT270923T11 ) in TRY

Issuer	Turkiye
Market price	100 % ⇌
Country	Turkey
ISIN code	TRT270923T11 ( in TRY )
Interest rate	8.8% per year ( payment 1 time a year)
Maturity	27/09/2023 - Bond has expired
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Minimal amount	1 TRY
Total amount	12 934 898 182 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. This financial article details a sovereign bond (ISIN: TRT270923T11) issued by Turkey, a significant emerging market economy that regularly utilizes both domestic and international capital markets to finance its state operations and public expenditure. This particular debt instrument, denominated in Turkish Lira (TRY), featured an 8.8% interest rate and an impressive total issue size of 12,934,898,182 TRY, with a minimum purchase size of 1 unit, and, prior to its maturity, was observed at 100% of its par value on the market. Issued by the Turkish state, this bond, with a payment frequency of one per period, successfully reached its maturity on September 27, 2023, and has since been fully repaid, concluding its life cycle as a debt obligation.