Bond Agence Centrale Sécurité Sociale 0% ( XS2242656978 ) in GBP

Issuer Agence Centrale Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2242656978 ( in GBP )
Interest rate 0%
Maturity 04/02/2021 - 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.

**Analysis of the ACOSS XS2242656978 Bond: A Fully Redeemed French Social Security Instrument** This report examines a specific debt instrument, identified by the International Securities Identification Number (ISIN) XS2242656978, which has recently concluded its lifecycle within the financial markets. Classified as an obligation, or bond, this security has reached its designated maturity and has subsequently been repaid in full to its holders, signifying the successful completion of its financial commitment. The issuer of this bond is the Agence centrale des organismes de Sécurité sociale (ACOSS), a pivotal institution within the French public finance landscape. ACOSS serves as the central agency responsible for the overall management of the social security system's cash flow. Its primary functions include collecting social contributions from employers and employees, managing the financial resources across the various branches of social security (such as health, family, and old age), and ensuring their efficient distribution to maintain the system's solvency and operations. As a major public entity, ACOSS often engages in capital market activities, including the issuance of bonds, to manage its treasury effectively, optimize its funding structure, or address temporary liquidity requirements necessary to support the vast social protection framework of France. This particular bond, originating from France, was denominated in British Pound Sterling (GBP), highlighting its appeal to a broader international investor base or specific cross-currency funding objectives. Its unique ISIN, XS2242656978, served to identify it within global financial markets, facilitating trading and settlement processes prior to its maturity. A notable characteristic of this bond was its stated interest rate of 0%. This indicates that it was either a zero-coupon bond, typically sold at a discount and redeemed at par, or a short-term financial note designed solely for principal repayment without periodic interest disbursements. The payment frequency, noted as '1', further suggests a single principal payment upon maturity rather than regular coupon distributions, consistent with a non-interest-bearing or zero-coupon structure. The bond officially reached its maturity date on February 4, 2021. Upon this date, its reported market price naturally converged to 100% of its nominal value, reflecting the full redemption of the principal amount to all bondholders. In conclusion, the XS2242656978 bond, issued by ACOSS, has successfully completed its term. Its maturation and full repayment on February 4, 2021, confirm its status as a fully extinguished financial liability, having fulfilled its role in the issuer's financial management strategy.