Bond Aktiv Bank 0% ( TRPAKY1A2412 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAKY1A2412 ( in TRY )
Interest rate	0%
Maturity	31/12/2024 - Bond has expired
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Minimal amount	1 TRY
Total amount	16 150 000 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. The financial market has recently seen the successful conclusion of a specific fixed-income instrument issued by Aktif Bank, identified under the ISIN code TRPAKY1A2412. This bond, originating from Turkey, reached its stated maturity date of December 31, 2024, and has been fully redeemed at its par value of 100% in Turkish Lira (TRY). Aktif Bank, a significant player in the Turkish financial sector primarily known for its focus on investment banking, digital financial services, and specialized lending, demonstrates its commitment to capital market obligations through this completed repayment. The bond issue, with a total size of 16,150,000 TRY and a remarkably low minimum purchase size of 1 unit, was structured as a zero-coupon bond, evidenced by its 0% interest rate and a single payment frequency at maturity; investors would typically have acquired this instrument at a discount to its face value, realizing their return upon its successful redemption. This recent event confirms the full performance and repayment of the principal for this specific obligation.