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ItalianoBond Switzerland 0% ( CH0510947804 ) in CHF
| Issuer | Switzerland | ||||||
| Market price | 100 % ⇌ | ||||||
| Country |  Switzerland
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| ISIN code |
 CH0510947804 ( in CHF )
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| Interest rate | 0% | ||||||
| Maturity | 12/10/2020 - Bond has expired | ||||||
| Minimal amount | 50 000 CHF | ||||||
| Total amount | 750 700 000 CHF | ||||||
| Detailed description |
Switzerland is a landlocked country in Europe known for its stunning alpine scenery, high standard of living, neutrality, and robust banking sector. A detailed review of the CH0510947804 bond, a fixed-income security, reveals it was issued by the Swiss Confederation, the highly reputable sovereign entity and government of Switzerland, renowned for its strong fiscal discipline and economic stability, to raise CHF 750,700,000 in Swiss Francs, with a minimum purchase increment of CHF 50,000; notably, this instrument was a zero-coupon bond characterized by a 0% interest rate, implying it was originally traded at a discount from its 100% par value, and had a definitive maturity date of December 10, 2020, at which point the single principal payment was fully settled, thereby confirming the bond's complete redemption and the conclusion of its financial lifecycle. |
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