Bond Aktiv Bank 0% ( TRPAKY142316 ) in TRY

Issuer Aktiv Bank
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRPAKY142316 ( in TRY )
Interest rate 0%
Maturity 28/04/2023 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 1 TRY
Total amount 28 850 000 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.

A key debt instrument issued by Aktif Bank, identifiable by its ISIN TRPAKY142316, recently concluded its lifecycle, having successfully matured and been fully redeemed as of April 28, 2023. Aktif Bank, a prominent financial institution operating within Turkey's dynamic economic landscape, plays a significant role in providing a diverse range of banking and financial services across the country, often recognized for its focus on innovation and digital solutions within the Turkish financial sector. The successful redemption of this bond underscores Aktif Bank's consistent commitment to its financial obligations and its demonstrated creditworthiness in the capital markets. Characterized by a zero interest rate and a single payment frequency, typical of instruments where investor return is realized at maturity, this debt instrument, denominated in Turkish Lira (TRY), represented a total issuance size of 28,850,000 TRY. With a minimum acquisition unit of just 1 TRY, the bond was structured to accommodate a wide range of investors, from institutional entities to individual participants. The bond, which had been trading at its par value of 100% prior to its maturity, reached its definitive end on April 28, 2023, culminating in the principal repayment to its bondholders. This timely redemption confirms that Aktif Bank has diligently fulfilled its commitments, ensuring that investors received their principal back as per the original terms of the issuance. The successful repayment of the TRPAKY142316 bond highlights the operational efficiency and financial integrity of Aktif Bank in managing its debt liabilities, further reinforcing investor confidence in the bank's ability to honor its commitments and serving as a positive indicator of its robust financial health within the Turkish banking sector.