Bond Canadian Imperial Bank 0% ( US78014T3041 ) in USD

Issuer	Canadian Imperial Bank
Market price	10.797 % ▼
Country	Canada
ISIN code	US78014T3041 ( in USD )
Interest rate	0%
Maturity	24/09/2021 - Bond has expired
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Minimal amount	1 000 USD
Total amount	59 791 000 USD
Cusip	78014T304
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. As an instrument issued by Royal Bank of Canada, one of Canada's largest and most diversified financial services companies offering a broad range of services globally, the USD-denominated zero-coupon bond, identified by ISIN US78014T3041 (CUSIP: 78014T304), originating from Canada, featured a total issue size of 59,791,000 and a minimum purchase increment of 1,000. This specific obligation, characterized by a 0% interest rate and a recorded historical market price of 10.797% of its face value (indicating a significant discount at that valuation point), successfully matured on September 24, 2021, and has since been fully repaid, concluding its financial lifecycle despite a listed payment frequency of 2, which is generally atypical for zero-coupon instruments designed for a single payout at maturity.