Bond Aktiv Bank 21.75% ( TRDABVK92225 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRDABVK92225 ( in TRY )
Interest rate	21.75% per year ( payment 1 time a year)
Maturity	16/09/2022 - Bond has expired
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Minimal amount	100 TRY
Total amount	32 250 000 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 examination of a specific debt instrument offers insight into the characteristics of corporate bonds and issuer performance, exemplified by the bond identified with ISIN code TRDABVK92225, issued by Aktif Bank. Aktif Bank, a prominent privately-owned financial institution operating within Turkey's dynamic banking sector, is recognized for its diverse range of financial services and a strategic emphasis on digital banking and fintech solutions. This particular bond, denominated in Turkish Lira (TRY), carried a substantial annual interest rate of 21.75%, reflective of the prevailing economic environment and interest rate landscape in its country of issuance, Turkey. The total issuance size for this instrument was TRY 32,250,000, with a minimum purchase unit set at TRY 100, designed to accommodate a variety of investor profiles. The bond maintained a market price of 100% throughout its active period, indicating its valuation at par. With a stipulated maturity date of September 16, 2022, this debt instrument has successfully reached its maturity and subsequently been fully redeemed, signifying the complete fulfillment of Aktif Bank's obligation to its bondholders.