Bond Aktiv Bank 19.25% ( TRDABVK72128 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRDABVK72128 ( in TRY )
Interest rate	19.25% per year ( payment 1 time a year)
Maturity	02/07/2021 - 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. An analysis of the debt capital markets reveals the lifecycle of a specific bond, ISIN TRDABVK72128, issued by Aktif Bank, a prominent financial institution based in Turkey. This Turkish-origin bond, denominated in Turkish Lira (TRY), was characterized by a substantial annual interest rate of 19.25%, reflecting market conditions and the issuer's credit profile at the time of issuance. The total size of this particular bond offering amounted to TRY 100,000,000, with a structured minimum purchase size set at TRY 100, making it accessible to a range of investors. Upon reaching its maturity date on July 2, 2021, the bond was notably trading at its par value of 100%, indicating a stable market position prior to its conclusion. As of its maturity, this financial instrument has been fully redeemed and reimbursed, fulfilling Aktif Bank's obligation to its bondholders.