Bond Santander Consumer Credit SA 0% ( XS2594797206 ) in EUR

Issuer Santander Consumer Credit SA
Market price 100 %  ⇌ 
Country  United States
ISIN code  XS2594797206 ( in EUR )
Interest rate 0%
Maturity 28/04/2023 - Bond has expired



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Detailed description Santander Consumer Finance SA is a leading European consumer finance company offering a range of financial products including personal loans, auto financing, and credit cards, primarily in France, Germany, Poland, and the UK.

A recently concluded debt instrument transaction highlights the successful lifecycle and redemption of a specific bond issued by Santander Consumer Finance SA. This financial product, bearing the ISIN code XS2594797206, was denominated in Euros (EUR) and was notably issued from the United States, showcasing the issuer's strategic reach across diverse financial markets. Santander Consumer Finance SA, the issuer of this bond, is a significant subsidiary of the globally recognized Santander Group. The company's core business revolves around providing a comprehensive range of consumer finance products and services, including car financing, personal loans, and credit cards. Operating across multiple countries, Santander Consumer Finance SA plays a crucial role in the Group's diversified financial offerings, leveraging its expertise in consumer lending to support economic activity and meet individual financial needs. Regarding the bond's characteristics, it carried a 0% interest rate, a feature that typically implies a zero-coupon bond where the investor's return is derived from purchasing the bond at a discount and receiving the full par value at maturity, or a straight principal repayment at par. The bond's maturity date was set for April 28, 2023. At the point of its maturity, its market price was observed at 100% of its nominal value, reflecting the par redemption. The payment frequency, indicated as '1', corresponds to the single principal repayment made upon the bond reaching its maturity date, as no periodic coupon payments were associated with its zero-rate structure. Crucially, it has been confirmed that this bond has successfully reached its maturity and has been fully redeemed. This successful repayment ensures that all obligations to bondholders were fulfilled as per the original terms of issuance, marking the complete and orderly conclusion of this particular financial commitment by Santander Consumer Finance SA.