Bond Aktiv Bank 0% ( TRPAKYB31718 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAKYB31718 ( in TRY )
Interest rate	0%
Maturity	27/03/2017 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 TRY
Total amount	9 800 000 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 instrument, identified by ISIN code TRPAKYB31718 and classified as a bond, was issued by Aktif Bank, a prominent investment bank based in Turkey. Aktif Bank, part of the well-established Çal?k Holding, plays a significant role in the Turkish financial sector, known for its innovative approach, particularly in digital banking solutions and diverse financial services catering to corporate and individual clients. The bond, denominated in Turkish Lira (TRY), had a total issue size of 9,800,000 TRY, with a minimum purchase size set at 1,000 TRY. Notably, the instrument carried a 0% interest rate, a characteristic typically associated with zero-coupon bonds where the return to investors is derived from the discount at which the bond is initially purchased relative to its par value at redemption. Leading up to its maturity, the bond was observed trading at a market price of 100% of its face value. The bond officially matured on March 27, 2017, and as confirmed by the issuer, it has been fully redeemed and repaid to its bondholders. This successful principal repayment, aligning with its single payment frequency at maturity, underscores Aktif Bank's commitment to fulfilling its financial obligations and demonstrates the orderly conclusion of this debt issuance.