Bond Aktiv Bank 0% ( TRPAK2F61916 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAK2F61916 ( in TRY )
Interest rate	0%
Maturity	28/06/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	10 700 000 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. Aktif Bank, a notable financial institution operating within Turkey's diverse banking sector, recently completed the full repayment of its bond identified by the ISIN code TRPAK2F61916. As a key player in the Turkish financial landscape, Aktif Bank provides a range of services encompassing retail, corporate, and investment banking, supporting economic activities across the nation. This specific debt instrument, issued in Turkish Lira (TRY) from Turkey, was structured as a zero-coupon bond, as evidenced by its 0% interest rate, with investor returns realized through the principal repayment at maturity. The total issuance volume for this bond amounted to 10,700,000 TRY, with a minimum acquisition size set at 100 TRY units for potential purchasers. The bond was structured with a single payment frequency, aligning with its zero-coupon nature where the full principal amount was due at maturity. Having reached its maturity date on June 28, 2019, the bond concluded its term and was promptly repaid, confirming its market price at 100% upon reimbursement and thereby fulfilling all its obligations to bondholders.