Bond Canadian Imperial Bank 0% ( US78013Q2369 ) in USD

Issuer	Canadian Imperial Bank
Market price	10.81 % ⇌
Country	Canada
ISIN code	US78013Q2369 ( in USD )
Interest rate	0%
Maturity	18/01/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	3 365 000 USD
Cusip	78013Q236
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 analysis focuses on a specific bond identified by ISIN US78013Q2369 and CUSIP 78013Q236, issued by the Royal Bank of Canada. As a prominent financial institution headquartered in Canada, Royal Bank of Canada (RBC) stands as one of the largest banks globally by market capitalization, offering a diverse array of banking, wealth management, insurance, investor services, and capital markets products and services worldwide. This particular bond, denominated in USD, had a total issue size of 3,365,000 units, with a minimum purchase size of 1,000 units. Notably, the instrument featured an interest rate of 0, indicating its structure as a zero-coupon bond where investors did not receive periodic interest payments but instead purchased it at a discount to its face value, receiving the full principal amount at maturity. A payment frequency of 2 was indicated, which typically refers to semi-annual coupon distributions, though in this zero-coupon context, it would not have applied to interest payments. A reported market price or yield of 10.81% was associated with this security at some point during its lifecycle. The bond reached its scheduled maturity on January 18, 2023, and has since been fully redeemed and reimbursed to its holders, thereby concluding its market presence.