Bond Canadian Imperial Bank 0% ( US78013XBX57 ) in USD

Issuer	Canadian Imperial Bank
Market price	116 % ▲
Country	Canada
ISIN code	US78013XBX57 ( in USD )
Interest rate	0%
Maturity	30/12/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	793 000 USD
Cusip	78013XBX5
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 presents a detailed analysis of a specific bond instrument issued by the Royal Bank of Canada, a prominent and globally diversified financial services company headquartered in Canada, which stands as one of the nation's largest banks offering comprehensive personal and commercial banking, wealth management, capital markets, and insurance solutions. Designated with the ISIN US78013XBX57 and CUSIP 78013XBX5, this bond, originating from Canada and denominated in USD, was part of a total issuance valued at 793,000 units, with a minimum investment threshold set at 1,000 units. Notably, the bond featured a 0% interest rate, classifying it as a zero-coupon instrument, where investor returns are typically realized from the discount at which it is purchased relative to its par value at maturity, and its recorded payment frequency was two. Although its market price was observed at 116% prior to its expiration, indicating it traded at a premium, the bond reached its scheduled maturity on December 30, 2022, and has subsequently been fully redeemed and repaid to its bondholders.