Bond Agence Centrale Sécurité Sociale 0% ( XS2221858827 ) in EUR

Issuer Agence Centrale Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2221858827 ( in EUR )
Interest rate 0%
Maturity 18/11/2020 - Bond has expired



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Detailed description The National Agency for Social Security (ACOSS) in France centralizes and manages social security data and systems for various social security organizations.

This financial article details the specifics and lifecycle of a particular bond issuance identified by ISIN XS2221858827, which reached its full maturity and redemption on November 18, 2020. Denominated in EUR, the bond was issued by the Agence centrale des organismes de Sécurité sociale (ACOSS), a critical financial entity within the French public sector. As the central agency for social security organizations in France, ACOSS serves as the national treasury for the general social security scheme, primarily responsible for the collection of social security contributions from employers and employees nationwide. These substantial funds are subsequently allocated to finance various essential social security branches, including healthcare, family benefits, and pensions, thereby ensuring the financial stability and operational continuity of France's comprehensive social protection system. Issued from France, this specific obligation featured a 0% interest rate and a single payment frequency, characteristics often associated with short-term cash management instruments or zero-coupon bonds that are redeemed at par. On its maturity date, November 18, 2020, the bond was trading at 100% of its face value on the market, signifying its successful redemption at par. The timely and complete repayment of this obligation by ACOSS confirms its adherence to financial commitments and reflects sound treasury management practices.