Bond Euro Investment Bank 0% ( XS2262080034 ) in USD

Issuer	Euro Investment Bank
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2262080034 ( in USD )
Interest rate	0%
Maturity	17/03/2021 - Bond has expired
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Detailed description	The European Investment Bank (EIB) is the European Union's long-term lending institution, financing projects that contribute to EU policy goals. A recent financial update concerns a specific bond, ISIN XS2262080034, issued by the European Investment Bank (EIB). This bond, denominated in USD and issued in Luxembourg, featured a 0% interest rate, signifying its likely structure as a zero-coupon instrument where investors typically acquire the bond at a discount and receive its full face value at maturity. With a scheduled maturity date of March 17, 2021, and a stated payment frequency of two, this obligation has successfully reached its term and, as confirmed, was redeemed at its 100% par value. The European Investment Bank, as the long-term lending institution of the European Union, is a prominent supranational entity that provides financing for projects contributing to the EU's policy objectives, spanning infrastructure, innovation, and climate action both within and outside the Union. Renowned for its high credit ratings, the EIB mobilizes substantial capital from international markets, reflecting its robust financial standing and the strong backing of its member states. The timely repayment of this particular bond on its maturity date underscores the EIB's unwavering commitment to meeting its financial obligations and its reliability as an issuer in the global debt markets.