Bond Aktiv Bank 0% ( TRPAKT821817 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAKT821817 ( in TRY )
Interest rate	0%
Maturity	28/02/2018 - Bond has expired
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Minimal amount	100 TRY
Total amount	27 350 000 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 provides an overview of the debt instrument identified by ISIN TRPAKT821817, issued by Aktif Bank. Aktif Bank is a financial institution operating within Turkey, a key player in the nation's banking sector. The instrument in question is classified as a bond, issued in Turkey and denominated in Turkish Lira (TRY). A notable feature of this bond was its zero-coupon structure, indicated by an interest rate of 0%, implying no periodic interest payments and typically a discount issuance with repayment at par. The total size of this particular issuance was TRY 27,350,000, with a minimum purchase amount set at TRY 100. The reported market price at the time was 100% of its nominal value. Its maturity date was February 28, 2018. The payment frequency, stated as '1', is consistent with a single principal repayment occurring at maturity. Importantly, the bond has successfully reached its maturity date and has been fully redeemed and repaid, signifying the completion of its lifecycle as a financial obligation.