Bond Vak?fBank 1.1% ( XS1808317546 ) in EUR

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	XS1808317546 ( in EUR )
Interest rate	1.1% per year ( payment 1 time a year)
Maturity	17/04/2019 - Bond has expired
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Minimal amount	200 000 EUR
Total amount	5 000 000 EUR
Detailed description	Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally. This financial analysis details a specific bond issuance by Türkiye Vak?flar Bankas? Türk Anonim Ortakl??? (Vakifbank), one of Turkey's prominent state-owned financial institutions, which plays a significant role in the nation's banking sector by providing a comprehensive range of services to diverse client segments, including corporate, commercial, and retail clients. The debt instrument, identified by ISIN code XS1808317546, was a Euro-denominated obligation, signaling its appeal to international capital markets, and it carried an annual interest rate of 1.1%, designed to offer a consistent yield to bondholders. The total size of this particular issue amounted to ?5,000,000, with a notable minimum purchase requirement of ?200,000, indicating its likely target market of institutional investors or high-net-worth individuals. Originating from Turkey, this security reached its full maturity on April 17, 2019. Crucially, the bond was reported to have successfully matured and been fully repaid at its par value, consistent with its 100% indicated market price at the time of redemption, thereby fulfilling its obligations to investors and successfully completing its lifecycle.