Bond Belfius Banque 0% ( BE6344575962 ) in EUR

Issuer	Belfius Banque
Market price	100 % ⇌
Country	Belgium
ISIN code	BE6344575962 ( in EUR )
Interest rate	0%
Maturity	18/09/2023 - Bond has expired
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Detailed description	Belfius Bank is a Belgian banking group offering a range of financial services including personal banking, business banking, and insurance products. The BE6344575962 bond, a debt instrument issued by BELFIUS BANK, recently reached its maturity and was fully redeemed, marking a straightforward conclusion to its lifecycle in the European financial markets. BELFIUS BANK, a significant financial institution in Belgium, operates as a leading banking and insurance group majority-owned by the Belgian state, playing an integral role in the nation's economy by providing extensive retail, corporate, and public sector banking services, alongside a broad spectrum of insurance products. This particular bond, denominated in EUR and originating from Belgium, officially matured on September 18, 2023. Noteworthy for its 0% interest rate, the bond was understood to be either a zero-coupon instrument or one whose value was entirely tied to its principal repayment upon expiration, rather than periodic interest distributions; despite a listed payment frequency of "1," for a 0% coupon structure, this typically refers to the singular principal redemption at maturity. Upon its scheduled maturity, the bond was redeemed at 100% of its par value, meaning investors received full principal repayment, confirming the successful completion of the bond's term and its orderly reimbursement to bondholders.