Bond United American States 0% ( US912821FM28 ) in USD

Issuer	United American States
Market price	100 % ⇌
Country	United States
ISIN code	US912821FM28 ( in USD )
Interest rate	0%
Maturity	31/10/2027
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Minimal amount	/
Total amount	/
Cusip	912821FM2
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	The United States of America is a federal republic comprising fifty states, a federal district, five major self-governing territories, and several minor possessions, with a diverse population and a highly developed economy. This financial article provides a detailed overview of a specific debt instrument, identified by its International Securities Identification Number (ISIN) US912821FM28 and CUSIP code 912821FM2. The bond is issued by the United States of America, a globally preeminent sovereign entity and the world's largest economy. As the issuer, the U.S. government maintains an unparalleled credit standing, making its debt obligations, commonly referred to as U.S. Treasuries, fundamental benchmarks in global financial markets and widely considered safe-haven assets due to their exceptional liquidity and perceived low credit risk. The bond originates from the United States and is denominated in United States Dollars (USD), serving as a core currency in international trade and finance. A distinctive feature of this particular bond is its stated interest rate of 0%, indicating it is a zero-coupon instrument. In the context of a zero-coupon bond, investors typically purchase the bond at a discount to its face value and receive the full principal amount upon maturity, with the yield arising from the difference between the purchase price and the redemption value. The bond's maturity date is set for October 31, 2027, at which point the principal amount will be repaid. The current market price for this instrument is noted at 100%, suggesting it is trading at par value. For a zero-coupon bond, a 100% market price with a 0% interest rate and a future maturity date implies that the bond offers no capital appreciation if held to maturity at this price, which is an unusual market condition for a standard tradable debt security unless it represents a very specific type of non-marketable instrument or if the 100% refers to its redemption value. Furthermore, the provided frequency of payment is stated as 2 (implying semi-annual), which contradicts the zero-coupon nature of the bond, as zero-coupon instruments do not make periodic interest payments but rather provide a single lump-sum payment of the face value at their maturity.