Bond Canadian Imperial Bank 0% ( US78013X4S49 ) in USD

Issuer	Canadian Imperial Bank
Market price	116.78 % ▲
Country	Canada
ISIN code	US78013X4S49 ( in USD )
Interest rate	0%
Maturity	30/04/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	377 000 USD
Cusip	78013X4S4
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. The bond identified by ISIN US78013X4S49 and CUSIP 78013X4S4, issued by the Royal Bank of Canada, recently concluded its lifecycle, having reached its maturity on April 30, 2024, and has subsequently been fully redeemed. Royal Bank of Canada, a preeminent global financial institution headquartered in Canada, stands as one of the largest banks worldwide by market capitalization, offering a diverse range of banking, wealth management, insurance, investor services, and capital markets products and services to clients globally. This specific debt instrument, denominated in USD, was notably characterized as a zero-coupon bond, meaning it carried an interest rate of 0% and therefore did not disburse periodic interest payments to bondholders, despite a listed payment frequency of two. The total issuance size for this bond was 377,000 units, with a minimum purchase quantity set at 1,000 units, making it accessible to various investor classes. Prior to its maturity and redemption, the bond's market price was observed at 116.78% of its face value, reflecting its valuation as it approached its end-of-term repayment. The successful reimbursement of this obligation upon its maturity underscores the issuer's adherence to its financial commitments.