Bond Canadian Imperial Bank 0% ( US78013F6777 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US78013F6777 ( in USD )
Interest rate	0%
Maturity	30/11/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 372 000 USD
Cusip	78013F677
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
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. This financial article details the specifics and recent redemption of a debt instrument issued by the Royal Bank of Canada (RBC), a prominent global financial institution headquartered in Toronto, Canada, renowned for its extensive operations across personal and commercial banking, wealth management, insurance, and capital markets, solidifying its position as a major issuer in international debt markets; the bond, designated by ISIN US78013F6777 and CUSIP 78013F677, was issued from Canada and denominated in USD, representing a total issue size of $1,372,000 with a minimum purchase increment of $1,000; notably, this instrument carried a 0% interest rate, typically indicative of a zero-coupon bond where investor returns are derived from the discount at which it is purchased relative to its par value at maturity, and while the original data indicated a 'payment frequency of 2,' this characteristic would contradict the absence of periodic coupon payments for a standard zero-coupon structure; the bond successfully reached its maturity on November 30, 2022, at which point it was fully redeemed at its 100% par value, ensuring the principal repayment to its holders.