Bond Santander Bank 0% ( XS2570826797 ) in USD

Issuer	Santander Bank
Market price	100 % ⇌
Country	Spain
ISIN code	XS2570826797 ( in USD )
Interest rate	0%
Maturity	22/06/2023 - Bond has expired
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Detailed description	Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America. An informative review of a recently matured financial instrument, specifically an obligation with ISIN code XS2570826797, confirms its full reimbursement to investors. This bond, denominated in USD and issued from Spain by Banco Santander, reached its scheduled maturity date on June 22, 2023. Characteristic of a zero-coupon bond, it was structured without periodic interest payments, reflected by its stated interest rate of 0, implying that any return for investors would have been realized through a discount at issuance rather than recurring coupons, despite a nominal payment frequency of two. Banco Santander, the issuer, is a globally recognized financial services company headquartered in Spain, operating as a multinational banking group that provides a comprehensive array of financial products and services across multiple continents, including retail and commercial banking, wealth management, and corporate and investment banking, thus holding a significant position in the international financial markets. Upon its maturity, the bond was reported to be trading at a market price of 100%, signifying that the principal amount of the obligation was fully repaid to its holders, concluding the bond's lifecycle and confirming the successful discharge of Banco Santander's financial commitment to the bondholders.