Bond Banque Internationale du Luxembourg 0% ( XS2275030844 ) in USD

Issuer	Banque Internationale du Luxembourg
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2275030844 ( in USD )
Interest rate	0%
Maturity	18/12/2023 - Bond has expired
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Minimal amount	2 000 USD
Total amount	5 900 000 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. An analysis of a recently matured debt instrument reveals details concerning a zero-coupon bond issued by Banque Internationale à Luxembourg (BIL), one of the oldest and largest financial institutions in Luxembourg, providing a comprehensive range of banking services from retail and private banking to corporate finance and treasury solutions. This specific bond, identified by ISIN XS2275030844, was issued from Luxembourg in USD with a total issue size of 5,900,000 and a minimum purchase size set at 2,000. Characterized by a 0% interest rate and a stated payment frequency of 2 (implying semi-annual, though no coupon payments were due), the bond reached its maturity on December 18, 2023. At the time of its maturity and redemption, the bond's market price was 100%, indicating that it was repaid at par, successfully concluding its lifecycle within the issuer's financial obligations.