Bond Euro Investment Bank 0% ( XS2724470476 ) in USD

Issuer Euro Investment Bank
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS2724470476 ( in USD )
Interest rate 0%
Maturity 26/02/2024 - Bond has expired



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Detailed description The European Investment Bank (EIB) is the European Union's long-term lending institution, financing projects that contribute to EU policy goals.

The European Investment Bank (EIB) recently concluded the lifecycle of a specific debt instrument, with bond XS2724470476 having reached its scheduled maturity and subsequently being fully repaid. This particular obligation, denominated in US Dollars (USD), was issued out of Luxembourg, and its final market price stood at 100% of its nominal value upon redemption. Notably, this was a zero-coupon bond, characterized by a 0% interest rate, meaning no periodic interest payments were made throughout its tenure, with the indicated payment frequency of '1' specifically referring to the single principal repayment made on its maturity date of February 26, 2024. The European Investment Bank, the issuer of this bond, is the long-term lending institution of the European Union, wholly owned by its Member States, and operates as a non-profit public bank, providing finance and expertise for sound and sustainable investment projects that contribute to EU policy objectives across various sectors including infrastructure, innovation, climate action, and support for small and medium-sized enterprises, both within and outside the EU. As one of the world's largest multilateral financial institutions, the EIB raises the necessary funds on capital markets by issuing bonds, which are highly regarded by investors due to its robust financial position and strong credit ratings, and the successful repayment of ISIN XS2724470476 underscores the EIB's consistent ability to meet its financial commitments, reinforcing its reputation as a reliable and stable issuer in the global debt markets.