Bond Barclay PLC 0% ( XS2290756597 ) in USD

Issuer Barclay PLC
Market price 100 %  ⇌ 
Country  United Kingdom
ISIN code  XS2290756597 ( in USD )
Interest rate 0%
Maturity 23/07/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 1 000 000 USD
Detailed description Barclays PLC is a British multinational banking and financial services corporation headquartered in London, offering a wide range of services including personal and corporate banking, investment banking, and wealth management.

A recently concluded bond issuance, identified by ISIN XS2290756597, and originally issued by Barclays PLC, has successfully reached its scheduled maturity and undergone full principal repayment, marking the complete lifecycle of this specific fixed-income instrument. Barclays PLC, a globally recognized financial services institution headquartered in London, United Kingdom, operates as a diversified universal bank with a strong footprint across consumer banking and payments, corporate and investment banking, and wealth management, regularly leveraging global capital markets to support its extensive operations and strategic initiatives, and this particular bond served as one such funding mechanism originating from its home country, the United Kingdom. This specific debt security, denominated in US Dollars (USD), represented a total issuance volume of 1,000,000 units, with a minimum investment threshold set at 1,000 units for participants in the primary market. A distinct characteristic of this bond was its 0% interest rate, classifying it as a zero-coupon bond, an instrument that typically does not provide periodic coupon payments but is instead issued at a discount to its face value, with the investor's return realized through the difference between the discounted purchase price and the full principal amount received at maturity; while the bond details indicated a payment frequency of '2', commonly signifying semi-annual distributions, this feature was superseded by its zero-coupon nature, meaning the singular return event was the principal repayment. The bond matured on July 23, 2024, and at the point of redemption, its market price was indicated at 100%, reflecting its par value for repayment, ensuring all bondholders received their full principal investment. The successful and timely repayment of this obligation underscores Barclays PLC's commitment to fulfilling its financial covenants and maintaining its strong standing in the international debt markets.