Bond Banque Fédérale du Crédit Mutuel 0% ( FR0127868927 ) in EUR

Issuer Banque Fédérale du Crédit Mutuel
Market price 100 %  ⇌ 
Country  France
ISIN code  FR0127868927 ( in EUR )
Interest rate 0%
Maturity 14/09/2023 - Bond has expired



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Detailed description Crédit Mutuel's banking operations are conducted through a network of regional banks, each with its own distinct legal identity but operating under the Crédit Mutuel brand and overall group structure.

In a recent development concerning fixed-income instruments, a specific bond issued by Banque Fédérative du Crédit Mutuel (BFCM), a prominent French financial institution serving as the central entity of the Crédit Mutuel group?one of France's leading mutualist banking networks with extensive operations in retail banking, insurance, and asset management?has successfully matured and been redeemed. Identified by the ISIN FR0127868927, this bond was denominated in EUR, originated from France, and reached its maturity date on September 14, 2023. Notably, the instrument carried a 0% interest rate, which typically indicates a zero-coupon bond where investor returns are derived from the discount at which it was purchased relative to its par redemption value, or signifies that all coupon payments had ceased prior to this final principal repayment. While a payment frequency of '1' generally denotes annual payments, in this context, it confirms the singular, final principal payment upon maturity. Prior to its redemption, the bond was trading at a market price of 100%, reflecting its par value, and has subsequently been fully reimbursed, thereby concluding its life cycle within the capital markets.