Bond Aktiv Bank 0% ( TRFAKYBE1713 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKYBE1713 ( in TRY )
Interest rate	0%
Maturity	12/10/2017 - Bond has expired
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Minimal amount	100 TRY
Total amount	25 000 000 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 past debt instruments highlights the bond identified by ISIN code TRFAKYBE1713, issued by Aktif Bank, a notable financial institution based in Turkey engaged in a diverse range of banking services within the Turkish market, encompassing consumer finance, project finance, and investment banking operations. This particular bond, denominated in Turkish Lira (TRY), represented a total issue size of 25,000,000 TRY, with a minimum acquisition size of 100 TRY. Key characteristics of this instrument included an interest rate of 0%, which, alongside a stated payment frequency of 1, strongly indicates a zero-coupon structure or a principal-only repayment at maturity. The bond successfully reached its maturity date on October 12, 2017, at which point it was valued at 100% of its nominal value on the market, signifying its full redemption by Aktif Bank, thereby completing its lifecycle and returning the principal to its bondholders.