Bond IBCC 0% ( ARBBOS560038 ) in ARS

Issuer	IBCC
Market price	100 % ⇌
Country	China
ISIN code	ARBBOS560038 ( in ARS )
Interest rate	0%
Maturity	17/12/2016 - Bond has expired
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Minimal amount	400 000 ARS
Total amount	298 000 000 ARS
Detailed description	ICBC is a Chinese multinational banking and financial services corporation headquartered in Beijing, offering a wide range of financial products and services globally. A detailed examination of a specific debt instrument reveals the lifecycle of a bond issued by the Industrial and Commercial Bank of China (ICBC), one of the world's largest commercial banks by assets and market capitalization. Headquartered in Beijing, China, ICBC operates as a cornerstone of the Chinese financial system with an extensive global footprint, providing a comprehensive suite of banking and financial services. This particular fixed-income security, identified by ISIN ARBBOS560038 and originating from China, was denominated in Argentine Pesos (ARS). Notably, it was structured as a zero-coupon bond, signifying that it carried an interest rate of 0% and thus did not accrue or pay periodic interest to bondholders throughout its term. The total issuance size for this bond amounted to 298,000,000 ARS, with a minimum investment requirement set at 400,000 ARS. Its maturity date was December 17, 2016, and while a payment frequency of 1 was indicated, consistent with annual terms, the zero-coupon nature meant no actual coupon payments were made. The bond's market price at the point of analysis stood at 100% of par, definitively confirming its successful maturation and subsequent redemption, thereby fulfilling its obligations to investors.