Bond ABS Bank 0.2% ( CH0350030414 ) in CHF

Issuer	ABS Bank
Market price	100 % ⇌
Country	New Zealand
ISIN code	CH0350030414 ( in CHF )
Interest rate	0.2% per year ( payment 1 time a year)
Maturity	02/08/2024 - Bond has expired
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Minimal amount	5 000 CHF
Total amount	200 000 000 CHF
Detailed description	ASB Bank is a major New Zealand bank offering a range of personal and business banking services, including accounts, loans, mortgages, and wealth management products. The CH0350030414 bond, a Swiss Franc (CHF) denominated fixed-income security issued by ASB Bank, has successfully reached its maturity date of August 2, 2024, and has been fully redeemed. Originating from New Zealand, this bond featured a nominal interest rate of 0.2% and was part of a total issuance valued at CHF 200,000,000, with a minimum acquisition size for investors set at CHF 5,000. Upon its maturity, the bond was redeemed at 100% of its face value, reflecting a standard repayment for a matured debt instrument. ASB Bank, the issuer of this bond, is a prominent financial institution based in New Zealand, operating as a full-service commercial bank offering a comprehensive range of banking and financial services to retail, business, and corporate customers throughout the country. ASB Bank is a wholly-owned subsidiary of Commonwealth Bank of Australia (CBA), one of Australia's largest and most well-regarded financial services providers, which significantly underpins ASB's strong financial standing and market reputation within the Australasian financial landscape. The successful redemption of this bond underscores the orderly conclusion of its lifecycle, providing bondholders with their principal back as per the original terms of the issuance.