Bond Barclay PLC 0% ( XS1998643867 ) in USD

Issuer	Barclay PLC
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS1998643867 ( in USD )
Interest rate	0%
Maturity	30/09/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 500 000 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. The financial instrument identified by ISIN XS1998643867 was a specific obligation issued by Barclays PLC, a prominent global universal bank headquartered in London, United Kingdom. Barclays PLC is recognized as one of the largest financial services companies in the world, providing a comprehensive range of banking, wealth management, and investment services across its UK and international divisions. This particular bond, denominated in USD, represented a total issuance size of 1,500,000 units, with a minimum purchase threshold set at 1,000 units. Notably, it featured a 0% interest rate, categorizing it as a zero-coupon bond; such instruments are typically purchased at a discount to their face value, with the investor's return realized from the difference between the purchase price and the principal amount received upon maturity. Issued from the United Kingdom, the bond was reported to trade at a market price of 100% as it approached or reached its maturity date of September 30, 2022. Although a payment frequency of 2 was specified, characteristic of semi-annual payments in conventional bonds, its 0% coupon meant no periodic interest distributions were made. The bond has successfully reached its maturity and has been fully redeemed, signifying the completion of its lifecycle and the repayment of principal to all holders.