Bond Aktiv Bank 13% ( TRDABVK22016 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRDABVK22016 ( in TRY )
Interest rate	13% per year ( payment 1 time a year)
Maturity	07/02/2020 - Bond has expired
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Minimal amount	100 TRY
Total amount	100 000 000 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. This financial article outlines the key characteristics of a matured bond issued by Aktif Bank, a notable Turkish financial institution. Identified by the ISIN code TRDABVK22016, this obligation, denominated in Turkish Lira (TRY), carried an annual interest rate of 13%. The total volume of this bond issuance amounted to TRY 100,000,000, with a minimum investment threshold of TRY 100 per unit, making it accessible to various investor profiles. Aktif Bank, headquartered in Turkey, stands as a significant entity within the country's banking landscape, recognized for its innovative approach focusing on digital banking services, payment solutions, and financial technologies, thereby serving a broad spectrum of corporate and individual clients. The bond reached its definitive maturity on February 7, 2020, and has since been fully repaid, with its market price at the time of redemption recorded at 100% of its face value. Its payment frequency was stipulated as one, typically indicating annual coupon disbursements prior to its principal repayment upon maturity.