Bond Canadian Imperial Bank 0% ( XS2853494602 ) in EUR

Issuer	Canadian Imperial Bank
Market price	100.07 % ▲
Country	Canada
ISIN code	XS2853494602 ( in EUR )
Interest rate	0%
Maturity	02/07/2028
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Detailed description	The Royal Bank of Canada (RBC) is a Canadian multinational financial services company offering personal and commercial banking, wealth management, insurance, and investment banking services globally. A detailed analysis of the financial instrument identified by ISIN XS2853494602 reveals it to be a bond issued by the Royal Bank of Canada, a prominent global financial institution headquartered in Canada and recognized as one of North America's largest banks, providing a comprehensive range of banking, wealth management, and capital markets services worldwide; this specific obligation, denominated in EUR and issued from Canada, currently trades on the market at 99.82% of its par value and is notable for its zero interest rate (0%), classifying it as a zero-coupon bond where investors typically acquire the security at a discount and realize their return from the difference between the purchase price and the full principal amount received upon its maturity on July 2, 2028, with the stated payment frequency of '1' signifying the single principal redemption at the bond's term conclusion rather than periodic coupon distributions.