Bond Aktiv Bank 0% ( TRFAKYBA1915 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKYBA1915 ( in TRY )
Interest rate	0%
Maturity	12/12/2019 - Bond has expired
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Minimal amount	1 TRY
Total amount	298 381 918 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 fixed-income market reveals the successful conclusion of a specific bond issuance, identified by ISIN TRFAKYBA1915. This financial instrument was issued by Aktif Bank, a prominent and dynamically growing financial institution operating within Turkey. Aktif Bank, established in 1999, stands out in the Turkish banking sector for its focus on investment banking, project financing, and increasingly, digital banking solutions, playing a significant role in facilitating economic activity across various sectors in Turkey. The bond, denominated in Turkish Lira (TRY) and issued in Turkey, represented a total issue size of TRY 298,381,918. A notable feature of this particular obligation was its stated interest rate of 0%, indicating it was structured as a zero-coupon bond, likely issued at a discount to its par value to compensate investors for the absence of periodic interest payments. The minimum purchase size for this instrument was set at 1 unit, and it was structured with a payment frequency of 1, referring to the principal repayment at maturity. With a maturity date of December 12, 2019, and having traded at 100% of its par value at the time of its final settlement, this bond has officially reached its full term. The issuer has confirmed that this obligation has been fully redeemed and repaid to its holders, signifying a successful and expected conclusion to its lifecycle in the fixed-income market.