Bond Aktiv Bank 13.25% ( TRDABVK12157 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRDABVK12157 ( in TRY )
Interest rate	13.25% per year ( payment 1 time a year)
Maturity	29/01/2021 - Bond has expired
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Minimal amount	100 TRY
Total amount	35 000 000 TRY
Detailed description	Aktif Bank is a Turkish commercial bank offering a range of financial services including corporate and retail banking, treasury, and investment banking. An analysis of the debt instrument identified by ISIN TRDABVK12157 reveals its characteristics and lifecycle within the Turkish financial market, issued by Aktif Bank, a significant financial institution in Turkey known for its diverse banking services and digital innovations. This bond, denominated in Turkish Lira (TRY), carried an attractive annual interest rate of 13.25%, reflecting the prevailing economic conditions and the issuer's credit profile in the Turkish market at the time of its issuance. The total size of this particular bond issue was TRY 35,000,000, indicating a substantial capital raise, with a minimum purchase size set at TRY 100, making it accessible to a broader range of investors. Crucially, this fixed-income security reached its scheduled maturity date on January 29, 2021, at which point it was fully redeemed, meaning the principal amount was repaid to all bondholders. While its current market price was listed at 100% (par value), this information primarily reflects its redemption value upon maturity, signifying that investors received their full principal investment back as the obligation was fulfilled.