Bond Intesa Sanpaolo SpA 2.75% ( XS1407936043 ) in USD

Issuer Intesa Sanpaolo SpA
Market price 100 %  ▼ 
Country  Italy
ISIN code  XS1407936043 ( in USD )
Interest rate 2.75% per year ( payment 2 times a year)
Maturity 13/06/2022 - Bond has expired



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Detailed description Intesa Sanpaolo S.p.A. is a major Italian banking group offering a wide range of financial services including retail banking, corporate and investment banking, asset management, and insurance.

**Successful Maturity and Repayment of Intesa Sanpaolo's XS1407936043 USD Bond** A recent financial event in the fixed-income market concerns the bond identified by ISIN code XS1407936043, an instrument issued by Intesa Sanpaolo S.p.A. This particular bond, denominated in US Dollars (USD), has successfully concluded its lifecycle, reaching its scheduled maturity date. The issuer, Intesa Sanpaolo S.p.A., stands as a prominent Italian banking group with a significant international presence. Headquartered in Turin, Italy, it is one of the largest banks in Italy and a key player in the European financial sector, offering a comprehensive range of banking, financial, and insurance services to individuals, businesses, and institutions. Its extensive operations and long-standing presence underscore its position as a major entity within the global financial landscape. Originally issued from Italy, this fixed-income security carried an annual interest rate of 2.75%. Interest payments were structured with a frequency of two per year, indicating semi-annual disbursements to bondholders. The bond reached its definitive maturity on June 13, 2022, marking the end of its contractual term and the period over which interest accrued. Crucially, the bond, identifiable by its ISIN XS1407936043, has not only reached its scheduled maturity but has also been fully repaid. This means that at the time of maturity, bondholders received 100% of the principal amount, confirming the successful fulfillment of the issuer's obligations and the full return of the initial investment for the bondholders. This repayment at par signifies a smooth conclusion to the bond's tenure in the market.