Bond General Electric Finance 6.5% ( XS0230331356 ) in NZD

Issuer	General Electric Finance
Market price	100 % ⇌
Country	United States
ISIN code	XS0230331356 ( in NZD )
Interest rate	6.5% per year ( payment 1 time a year)
Maturity	28/09/2015 - Bond has expired
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Minimal amount	10 000 NZD
Total amount	225 000 000 NZD
Detailed description	General Electric Capital was the financial services division of General Electric, offering a range of commercial lending, leasing, and insurance products before its restructuring and eventual divestiture. This article examines a bond with ISIN code XS0230331356, issued by General Electric Capital, a prominent entity that served as the financial services arm of the multinational conglomerate General Electric. General Electric Capital historically provided a wide array of financial products and services globally, supporting the industrial activities of its parent company, though it has since undergone significant strategic transformations. The bond itself was denominated in New Zealand Dollars (NZD) and originated from the United States, carrying an annual interest rate of 6.5%. The total issuance size for this instrument amounted to 225,000,000 NZD, with a minimum purchase size of 10,000 NZD. Originally structured with an annual payment frequency, this fixed-income security matured on September 28, 2015. At its maturity, the bond was fully redeemed at 100% of its principal value, confirming its successful repayment to investors.