Bond Aktiv Bank 0% ( TRPAKYBA1616 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAKYBA1616 ( in TRY )
Interest rate	0%
Maturity	28/12/2016 - Bond has expired
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Minimal amount	100 000 TRY
Total amount	6 000 000 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. Analysis of Aktif Bank's Matured Zero-Coupon Bond (ISIN: TRPAKYBA1616) This financial analysis focuses on a specific bond (ISIN: TRPAKYBA1616) issued by Aktif Bank, a prominent financial institution operating within Turkey. Aktif Bank, headquartered in Turkey, distinguishes itself through its diverse array of financial services encompassing corporate, investment, and retail banking, contributing significantly to the nation's financial landscape with an emphasis on innovative digital solutions and specialized lending. The bond under review was a Turkish Lira (TRY) denominated obligation, characterized by its zero-coupon structure, meaning it carried a 0% interest rate and typically implies issuance at a discount with repayment at par value. Issued from Turkey, this particular bond had a total issuance size of 6,000,000 TRY, with a minimum investment requirement set at 100,000 TRY. Its single payment frequency was consistent with the redemption of principal at maturity. The bond reached its maturity date on December 28, 2016, at which point its market price was quoted at 100%, indicating full principal repayment. Aktif Bank has confirmed that this obligation has successfully matured and has been fully redeemed.