Bond Sabadell Bank 0% ( ES0513862NK5 ) in EUR

Issuer	Sabadell Bank
Market price	100 % ⇌
Country	Spain
ISIN code	ES0513862NK5 ( in EUR )
Interest rate	0%
Maturity	15/10/2019 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	4 913 000 EUR
Detailed description	Banco de Sabadell is a Spanish multinational banking group offering a wide range of financial services including retail banking, corporate banking, and investment banking. An overview of a recently matured bond issued by Spain's Banco de Sabadell reveals the specifics of this financial instrument, which has completed its lifecycle. Identified by ISIN code ES0513862NK5, this bond was denominated in Euros (EUR) and originated from Spain. The issuer, Banco de Sabadell, stands as Spain's fourth-largest banking group, a prominent entity in the Spanish financial sector with a significant presence in retail and commercial banking across domestic and international markets. Founded in 1882, the bank has grown to be a key player supporting economic activity. The total issuance size for this particular bond was ?4,913,000, with a minimum investment threshold set at ?1,000. Noteworthy was its 0% interest rate, indicating that it was structured as a zero-coupon bond or a similar instrument where the return was not generated through periodic interest payments. The bond reached its maturity on October 15, 2019, at which point it was fully redeemed. Its payment frequency was noted as 1, which for a 0% interest bond, primarily indicates the principal repayment at maturity rather than recurring coupon disbursements. The current market price, reported at 100%, reflected its par value at the time of its final repayment, confirming its complete and timely redemption upon reaching its designated maturity date.