Bond Aktiv Bank 0% ( TRSAKYB71932 ) in TRY

Issuer	Aktiv Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRSAKYB71932 ( in TRY )
Interest rate	0%
Maturity	12/07/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	150 000 000 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 analysis of the TRSAKYB71932 bond provides insight into a past debt instrument issued within the Turkish market. The issuer, Aktif Bank, stands as a notable Turkish financial institution, recognized for its strategic focus on digital banking services and financial technology solutions within the country's diverse banking sector. As a privately-owned entity, Aktif Bank offers a comprehensive suite of financial products across corporate, retail, and investment banking segments. This particular bond, identified by its ISIN code TRSAKYB71932, was denominated in Turkish Lira (TRY) and originated from Turkey. The issuance represented a total volume of 150,000,000 TRY, with individual investors able to acquire units starting from a minimum purchase size of 100 TRY. A distinctive feature of this security was its 0% interest rate, characteristic of a zero-coupon bond or a principal-only instrument, where the return for investors would have been embedded in the initial discount or solely on the repayment of the face value. Its payment frequency was stipulated as one, typically indicating a single principal repayment at the end of its term. The bond reached its scheduled maturity on July 12, 2019, at which point it was fully repaid to investors, reflecting its successful redemption at 100% of its initial value, thereby concluding its life cycle in the market.