Bond Perpetual Trust Company 0% ( AU3FN0036000 ) in AUD

Issuer	Perpetual Trust Company
Market price	100 % ⇌
Country	Australia
ISIN code	AU3FN0036000 ( in AUD )
Interest rate	0%
Maturity	23/07/2049
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Minimal amount	500 000 AUD
Total amount	9 600 000 AUD
Detailed description	Perpetual Trustee Company Limited is a leading provider of trust and corporate services in New Zealand, offering a wide range of services including trust administration, company secretarial services, and wealth management solutions. An overview of a significant debt instrument reveals details of a bond issued by the Perpetual Trustee Company, identifiable by its ISIN AU3FN0036000. This Australian-issued bond, denominated in Australian Dollars (AUD), currently trades at par, reflecting a market price of 100%. A distinctive feature of this security is its 0% interest rate, classifying it as a zero-coupon bond. This structure implies that investors will not receive periodic coupon payments, with the entire return realized at the bond's maturity on July 23, 2049, through the redemption of its face value. The total size of this particular issue is AUD 9,600,000, with a notable minimum investment requirement of AUD 500,000, suggesting its targeting of institutional or sophisticated investors. The issuer, Perpetual Trustee Company, is a well-established and highly respected Australian financial services group. With a history spanning over 135 years, Perpetual is a leading provider of wealth management, corporate trust, and fiduciary services, administering substantial assets and serving as a critical corporate trustee for various financial instruments within the Australian market, lending a strong institutional backing to its issued securities.