Bond Canadian Imperial Bank 0% ( US78015KGQ13 ) in USD

Issuer Canadian Imperial Bank
Market price 97.75 %  ▼ 
Country  Canada
ISIN code  US78015KGQ13 ( in USD )
Interest rate 0%
Maturity 01/12/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 2 558 000 USD
Cusip 78015KGQ1
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.

A detailed review of the US78015KGQ13 bond (CUSIP: 78015KGQ1), a USD-denominated obligation, highlights its issuance by the Royal Bank of Canada (RBC), a leading Canadian multinational financial services institution and one of the largest banks globally by market capitalization. This bond, with a total issuance size of 2,558,000 units and a minimum purchase threshold of 1,000 units, was notably a zero-coupon instrument, evidenced by its 0% interest rate, meaning it did not provide periodic interest payments, and was historically quoted at a market price of 97.75%. Issued from Canada, this financial instrument reached its maturity date on December 1, 2022, and has subsequently been fully reimbursed to investors, marking the completion of its life cycle.