Bond Canadian Imperial Bank 0% ( US78013XHU54 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ▼
Country	Canada
ISIN code	US78013XHU54 ( in USD )
Interest rate	0%
Maturity	31/03/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	630 000 USD
Cusip	78013XHU5
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 of a matured bond issued by the Royal Bank of Canada, a globally recognized financial institution headquartered in Canada and among North America's largest banks by market capitalization, offering a comprehensive suite of banking, wealth management, insurance, and capital markets solutions. The bond, identified by ISIN US78013XHU54 and CUSIP 78013XHU5, was a USD-denominated security issued from Canada. With a total issue size of 630,000 units and a minimum purchase threshold of 1,000 units, this particular instrument carried a 0% interest rate, indicating its structure as a zero-coupon bond designed to deliver a single payment at maturity rather than periodic interest distributions. The bond successfully reached its maturity date on March 31, 2022, and has since been fully redeemed at 100% of its par value, reflecting a complete repayment of principal to its bondholders.