Bond General Electric Finance 0% ( XS0542823629 ) in SEK
Issuer | General Electric Finance |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 21/09/2015 - Bond has expired |
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Minimal amount | 500 000 SEK |
Total amount | 1 000 000 000 SEK |
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. An analysis of a specific debt instrument, identified by its ISIN code XS0542823629, reveals a bond issued by General Electric Capital, the former global financial services division of the multinational conglomerate General Electric, which historically provided financing solutions across various industries before undergoing significant restructuring and asset sales. This particular bond, originating from the United States, was denominated in Swedish Krona (SEK) with a total issue size of 1,000,000,000 SEK and a minimum purchase size set at 500,000 SEK. Notably, it featured a 0% interest rate, characteristic of a zero-coupon bond where investors' return is derived from the difference between the purchase price and the full par value received at maturity, with its single principal repayment scheduled for September 21, 2015. At the time of its maturity, the bond was quoted at 100% of its face value, reflecting its successful repayment upon reaching its due date. |