Bond Abu Dhabi Commerce Bank 0% ( XS2431963458 ) in AUD

Issuer	Abu Dhabi Commerce Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS2431963458 ( in AUD )
Interest rate	0%
Maturity	13/01/2027
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Minimal amount	200 000 AUD
Total amount	40 000 000 AUD
Detailed description	Abu Dhabi Commercial Bank (ADCB) is a major commercial bank in the United Arab Emirates, offering a wide range of financial services including retail banking, corporate banking, investment banking, and wealth management to both individuals and corporations. Abu Dhabi Commercial Bank (ADCB), a prominent financial institution headquartered in the United Arab Emirates and a significant player in the Middle Eastern banking sector, has an outstanding bond identified by ISIN XS2431963458. This debt instrument, originating from the UAE, is presently trading at 100% of its par value on the market. Denominated in Australian Dollars (AUD), the bond carries a stated interest rate of 0%, indicating a zero-coupon structure where investor returns are primarily derived from the difference between the purchase price and the redemption price rather than periodic interest payments. The total size of this particular issue is AUD 40,000,000, with a minimum investment threshold set at AUD 200,000 per acquisition. The bond is scheduled to mature on January 13, 2027, and its payment frequency is noted as "1", which, in combination with the 0% interest rate, implies a single principal repayment at maturity without interim coupon distributions.