Bond Canadian Imperial Bank 10% ( US78013X5Y08 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US78013X5Y08 ( in USD )
Interest rate	10% per year ( payment 2 times a year)
Maturity	21/04/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	500 000 USD
Cusip	78013X5Y0
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 analysis focuses on a specific fixed-income instrument, a bond issued by the Royal Bank of Canada (RBC), which has successfully reached its maturity and been redeemed. The Royal Bank of Canada, a prominent global financial services company headquartered in Toronto, Canada, stands as one of the largest banks in its home country, offering a comprehensive suite of services including personal and commercial banking, wealth management, insurance, investor services, and capital markets. The bond under review, identified by ISIN US78013X5Y08 and CUSIP 78013X5Y0, was denominated in United States Dollars (USD). Issued from Canada, this instrument carried an annual interest rate of 10%, with coupon payments structured to occur semi-annually. The total size of this particular bond issuance amounted to USD 500,000, with a specified minimum purchase size of USD 1,000 for investors. With a maturity date of April 21, 2022, this obligation has since completed its full term. Prior to its maturity, the bond was quoted at 100% of its par value on the market. Crucially, as confirmed by the issuer, this bond has now fully matured and been redeemed, signifying the successful fulfillment of Royal Bank of Canada's financial commitments to its bondholders for this specific security.