Bond Aktiv Bank 0% ( TRPAK5F51910 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAK5F51910 ( in TRY )
Interest rate	0%
Maturity	29/05/2019 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 TRY
Total amount	27 200 000 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. This financial article details the specifics of a bond issued by Aktif Bank, a prominent financial institution based in Turkey, which has recently concluded its lifecycle. Identified by ISIN TRPAK5F51910, this obligation was issued in Turkish Lira (TRY) with a total issuance size of TRY 27,200,000 and a minimum acquisition size set at TRY 100 per unit. The bond, which matured on May 29, 2019, notably carried a stated interest rate of 0%, a characteristic often associated with zero-coupon bonds where returns are realized through a discount on the principal at issuance, or indicating that all interest obligations had ceased. The single reported payment frequency likely refers to the final principal repayment event. As confirmed, the bond has successfully reached its maturity and has been fully repaid, with its current market price reflecting its redemption at 100% of the principal value, underscoring its successful and timely fulfillment by Aktif Bank.