Bond Vak?fBank 5.25% ( XS2112797290 ) in USD

Issuer	Vak?fBank
Market price	99.84 % ▼
Country	Turkey
ISIN code	XS2112797290 ( in USD )
Interest rate	5.25% per year ( payment 2 times a year)
Maturity	04/02/2025 - Bond has expired
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Detailed description	Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally. A detailed examination of the bond market reveals the recent maturity and successful repayment of the XS2112797290 bond, an instrument issued by Vakifbank, one of Turkey's largest and most prominent state-owned financial institutions. As a cornerstone of the Turkish banking sector, Vakifbank, formally Türkiye Vak?flar Bankas? T.A.O., plays a significant role across corporate, commercial, and retail banking segments, with a substantial portion of its shares held by the Turkish Wealth Fund, underscoring its systemic importance within the nation's economy. This specific bond, denominated in USD, carried an annual interest rate of 5.25% and featured a semi-annual payment frequency, providing consistent returns to its holders. Originating from Turkey, the bond was observed to trade at approximately 99.84% of its par value in the market prior to its redemption. Its stipulated maturity date was February 4, 2025, a date which it successfully reached, leading to its full repayment to bondholders and concluding its lifecycle in the fixed-income market.