Bond Scotia Bank 0% ( XS0213355174 ) in EUR

Issuer	Scotia Bank
Market price	98.15 % ▲
Country	United Kingdom
ISIN code	XS0213355174 ( in EUR )
Interest rate	0%
Maturity	08/03/2025 - Bond has expired
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Detailed description	Bank of Scotland is a major commercial bank operating in Scotland, part of the Lloyds Banking Group since 2008. This financial article details the specifics of the XS0213355174 bond, an obligation issued by the Bank of Scotland, a prominent commercial and retail banking institution based in the United Kingdom, recognized for its extensive history within the British financial sector and as part of the wider Lloyds Banking Group. Denominated in EUR, this zero-coupon bond was designed to mature on March 8, 2025, and notably carried a 0% interest rate, indicating it provided no periodic coupon payments throughout its term. Despite the listed payment frequency of 4, typically associated with quarterly distributions, this characteristic was not applicable to interest disbursements given its zero-coupon structure, with its value instead appreciating from its discounted issuance price towards its face value at maturity. Prior to its maturity, the bond was observed trading on the market at 98.15% of its par value. The lifecycle of this specific bond concluded as scheduled, having successfully reached its maturity date on March 8, 2025, at which point it was fully redeemed, returning the principal to its bondholders.