Bond Sabadell Bank 0% ( ES0513862TL0 ) in EUR

Issuer	Sabadell Bank
Market price	100 % ⇌
Country	Spain
ISIN code	ES0513862TL0 ( in EUR )
Interest rate	0%
Maturity	09/08/2023 - Bond has expired
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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. A recent review highlights the ES0513862TL0 zero-coupon bond, a debt instrument issued by Banco de Sabadell, a leading Spanish financial institution established in 1881 and now recognized as Spain's fourth-largest banking group, offering comprehensive financial services across retail, corporate, and capital markets sectors both domestically and internationally. This particular bond, identified by the ISIN code ES0513862TL0, was denominated in Euros (EUR) and carried a 0% interest rate, characteristic of a zero-coupon structure where the return typically originates from the difference between its purchase price and its par redemption value. With its issuance originating from Spain, the bond reached its predetermined maturity date on August 9, 2023; although a payment frequency of '1' was noted, consistent with zero-coupon bonds, the sole principal repayment event occurred at maturity. As confirmed, this obligation has successfully matured and been fully reimbursed to bondholders, with its market price standing at 100%, signifying the complete redemption at par.