Bond Aktiv Bank 0% ( TRQAKYB81711 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRQAKYB81711 ( in TRY )
Interest rate	0%
Maturity	23/08/2017 - Bond has expired
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Minimal amount	100 TRY
Total amount	25 000 000 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. An overview of a recently matured debt instrument reveals insights into the Turkish bond market, specifically focusing on an issuance by Aktif Bank, a financial institution operating in Turkey. Designated with the ISIN code TRQAKYB81711, this fixed-income security was denominated in Turkish Lira (TRY). The total issuance size for this instrument amounted to 25,000,000 TRY, with a minimum purchase threshold set at 100 TRY. A notable characteristic of this bond was its zero-coupon nature, as indicated by an interest rate of 0%, implying that investors would receive a single payment at maturity, representing their principal investment, rather than periodic interest distributions. The bond was set to mature on August 23, 2017, and, as confirmed by market data, it successfully reached its maturity date and was subsequently repaid at its par value of 100% of the principal, thereby fulfilling its obligations to bondholders.