Bond Santander Bank 0% ( ES0305014690 ) in EUR

Issuer	Santander Bank
Market price	100 % ⇌
Country	Spain
ISIN code	ES0305014690 ( in EUR )
Interest rate	0%
Maturity	10/06/2021 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	50 000 000 EUR
Detailed description	Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America. Details concerning a specific bond issuance by Banco Santander S.A., a globally significant Spanish multinational financial services company and one of the largest banks worldwide by market capitalization, have been comprehensively confirmed. This particular debt instrument, identified by its ISIN ES0305014690 and originating from Spain, was denominated in Euros (EUR) and represented a total issuance size of 50,000,000 EUR, with a minimum purchase amount set at 1,000 EUR. A notable feature of this bond was its zero-coupon structure, indicated by a 0% interest rate, implying that bondholders did not receive periodic interest payments, but rather derived their return from the discount at which the bond was acquired relative to its par value at redemption. The bond was scheduled to mature on June 10, 2021, and although a payment frequency of 1 was indicated, for a zero-coupon instrument, this typically signifies the singular principal repayment at the end of its term. Upon reaching its maturity, the bond's market price was observed at 100% of its face value, reflecting its successful and complete repayment. This bond has now officially concluded its lifecycle in the financial markets, having fully matured and been reimbursed to its investors.