Bond Banque Internationale du Luxembourg 0% ( XS2235994865 ) in USD

Issuer Banque Internationale du Luxembourg
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS2235994865 ( in USD )
Interest rate 0%
Maturity 25/09/2023 - Bond has expired



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Minimal amount 2 000 USD
Total amount 2 230 000 USD
Detailed description Banque Internationale à Luxembourg (BIL) is a leading universal bank in Luxembourg offering a wide range of financial products and services to individuals and businesses, both domestically and internationally.

The bond identified by ISIN XS2235994865, issued by Banque Internationale à Luxembourg, represents a key financial instrument from the Luxembourg market that has recently concluded its lifecycle. Banque Internationale à Luxembourg (BIL), a long-established financial institution founded in 1856, stands as a major banking group in Luxembourg, offering a comprehensive range of services including retail banking, private banking, corporate banking, and treasury activities, underpinning its role as a significant issuer in the European financial landscape. This particular bond, denominated in US Dollars (USD), had a total issuance size of $2,230,000, with a minimum purchase tranche set at $2,000, making it accessible to a defined segment of investors. A distinctive feature of this bond was its 0% interest rate, strongly suggesting it was structured as a zero-coupon bond, where the investor's return would typically be realized through the difference between the purchase price (often at a discount) and the par value received at maturity, effectively yielding the full principal amount upon redemption. While a payment frequency of "2" was indicated, for a 0% interest bond, this usually pertains to the frequency of potential coupon payments which, in this specific case, would be null, or it might refer to other structural elements. The bond reached its scheduled maturity date on September 25, 2023, and has since been fully redeemed at its par value of 100%, completing its investment cycle as expected.