Bond Sabadell Bank 0% ( XS0296798431 ) in EUR

Issuer	Sabadell Bank
Market price	100 % ⇌
Country	Spain
ISIN code	XS0296798431 ( in EUR )
Interest rate	0%
Maturity	26/04/2017 - Bond has expired
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Minimal amount	50 000 EUR
Total amount	500 000 000 EUR
Detailed description	Banco de Sabadell is a Spanish multinational banking group offering a wide range of financial services including retail banking, corporate banking, and investment banking. A comprehensive review of the bond identified by ISIN XS0296798431 reveals a matured financial instrument issued by Banco de Sabadell, a significant Spanish banking group. This specific obligation, denominated in Euros, carried a total issuance size of EUR 500,000,000, with a minimum purchase threshold set at EUR 50,000, making it primarily accessible to institutional investors or high-net-worth individuals. Notably, the bond featured a 0% interest rate, a characteristic often associated with zero-coupon bonds where the return to the investor is realized through the difference between a discounted issue price and the full face value redemption at maturity. Originating from Spain, this bond reached its scheduled maturity date on April 26, 2017. Upon its maturity, the market price stood at 100% of its face value, confirming that the instrument was fully redeemed, discharging all principal obligations to its holders. Banco de Sabadell, the issuer, is one of Spain's largest and most established financial institutions, tracing its origins back to 1881. It provides a comprehensive range of financial products and services, including retail banking, corporate banking, private banking, and asset management, serving a broad client base across Spain and internationally, underscoring its pivotal role in the European financial landscape. The successful and timely repayment of this bond reinforces the issuer's credit reliability at the time of its maturity.