Bond Canadian Imperial Bank 0% ( US78014K2794 ) in USD

Issuer Canadian Imperial Bank
Market price 11.41 %  ▼ 
Country  Canada
ISIN code  US78014K2794 ( in USD )
Interest rate 0%
Maturity 31/01/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 5 401 000 USD
Cusip 78014K279
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 Royal Bank of Canada, a prominent Canadian multinational banking and financial services company headquartered in Toronto, served as the issuer for a specific USD-denominated zero-coupon bond, identifiable by ISIN US78014K2794 and CUSIP 78014K279, originating from Canada. Despite a stated payment frequency of 2, this bond paid no periodic interest, with its return embedded in the discount at which it was initially purchased; it had a total issue size of 5,401,000 units and a minimum purchase size of 1,000 units. While actively traded, this obligation was recorded at a market price of 11.41% at a certain point, reflecting its valuation during its lifecycle before it reached its maturity date on January 31, 2022, at which time it was fully repaid and its lifecycle concluded.