Bond Aktiv Bank 0% ( TRPAV1252215 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRPAV1252215 ( in TRY )
Interest rate	0%
Maturity	31/05/2022 - Bond has expired
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Minimal amount	1 TRY
Total amount	46 750 000 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. An in-depth analysis of a recently matured debt instrument reveals key details regarding its issuance and redemption. Identified by ISIN TRPAV1252215, this bond was issued by Aktif Bank, a prominent financial institution based in Turkey. Aktif Bank is recognized within the Turkish banking sector for its focus on digital banking, payment systems, and project finance, playing a significant role in various financial services across the country and contributing to the nation's financial landscape. This specific debt security, denominated in Turkish Lira (TRY), represented a total issuance size of TRY 46,750,000. A distinctive characteristic of this bond was its 0% interest rate, indicating it was structured as a zero-coupon instrument. In such cases, investors typically acquire the bond at a discount to its face value and receive the full principal amount upon maturity, thus realizing their return through capital appreciation rather than recurring interest payments. The minimum purchase size for this particular bond was set at 1 unit, making it accessible for varied investor profiles. The bond reached its maturity date on May 31, 2022. As of this date, the obligation was successfully redeemed at 100% of its face value, signifying the full repayment of principal to all bondholders. This redemption marks the completion of the investment cycle for this specific issuance by Aktif Bank, underscoring the bank's commitment to its financial obligations.