Bond Canadian Imperial Bank 0% ( CA780086GT56 ) in CAD

Issuer Canadian Imperial Bank
Market price 100 %  ⇌ 
Country  Canada
ISIN code  CA780086GT56 ( in CAD )
Interest rate 0%
Maturity 28/02/2024 - Bond has expired



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Minimal amount 100 CAD
Total amount 1 000 000 CAD
Cusip 780086GT5
Detailed description The Royal Bank of Canada (RBC) is a Canadian multinational financial services company offering personal and commercial banking, wealth management, insurance, and investment banking services globally.

An update concerning a specific debt instrument reveals the successful conclusion of its life cycle, with the bond, identified by ISIN CA780086GT56 and CUSIP 780086GT5, having matured and been fully redeemed. This particular debt security was issued by the Royal Bank of Canada, a prominent financial institution headquartered in Canada. As one of North America's leading diversified financial services companies, Royal Bank of Canada (RBC) holds a significant position in global markets, providing comprehensive banking, wealth management, insurance, investor services, and capital markets products and services to millions of clients worldwide, underscoring its robust financial standing and commitment to its obligations. Denominated in Canadian Dollars (CAD), the bond was issued with a total size of CAD 1,000,000, with a minimum purchase increment set at CAD 100. Notably, this instrument featured a 0% interest rate, indicating it was likely structured as a zero-coupon bond, where the return to investors would be realized through the difference between the purchase price and the par value received at maturity, rather than through periodic interest payments. While a payment frequency of '1' was noted, this primarily refers to the single principal repayment event at the bond's maturity. The bond reached its maturity date on February 28, 2024, at which point its market value stood at 100% of par. This valuation confirms that the bond has successfully matured and its principal has been fully redeemed by the issuer, completing its lifecycle as a debt instrument and fulfilling the issuer's commitment to its bondholders.