Bond Barclay PLC 0% ( XS1850799708 ) in USD

Issuer	Barclay PLC
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS1850799708 ( in USD )
Interest rate	0%
Maturity	13/11/2048
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Minimal amount	1 000 000 USD
Total amount	5 000 000 USD
Detailed description	Barclays PLC is a British multinational banking and financial services corporation headquartered in London, offering a wide range of services including personal and corporate banking, investment banking, and wealth management. This financial instrument, an bond identified by ISIN XS1850799708, is issued by Barclays PLC, a prominent global financial services company headquartered in the United Kingdom, known for its extensive operations spanning consumer banking, payments, corporate and investment banking, and wealth management across a broad range of clients worldwide. Denominated in USD, this bond currently trades at 100% of its par value and is characterized by a 0% interest rate, an unusual feature for a bond with a long-term maturity of November 13, 2048. Despite the stated 0% interest rate, the instrument specifies a payment frequency of two, a characteristic typically associated with semi-annual coupon distributions which, in this instance, would not involve direct interest payments due to the zero-coupon nature. The total issuance size for this bond amounts to 5,000,000 USD, with a minimum purchase size set at 1,000,000 USD, implying that an investor acquiring this bond at its current market value and holding it until its 2048 maturity would primarily anticipate principal repayment without recurring interest income, suggesting it could be a specialized zero-coupon instrument or a structured product.