Bond Vontobel Bank AG 0% ( CH1283323108 ) in USD

Issuer	Vontobel Bank AG
Market price	100 % ⇌
Country	Switzerland
ISIN code	CH1283323108 ( in USD )
Interest rate	0%
Maturity	16/09/2024 - Bond has expired
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Detailed description	Vontobel is a Swiss private banking group offering wealth management, asset management, and investment banking services globally, specializing in high-net-worth individuals and institutional clients. A financial instrument identified by the ISIN CH1283323108, classified as a bond, recently reached its maturity, concluding its lifecycle within the capital markets, with this debt security having been issued by Bank Vontobel AG, a distinguished Swiss financial institution headquartered in Zurich that functions as a globally recognized and regulated private bank and asset manager, providing comprehensive wealth management, asset management, and investment banking services, renowned for its stability and expertise in the financial sector; furthermore, the bond, denominated in US Dollars (USD), featured a specific characteristic of a 0% interest rate, indicating that it was structured without periodic coupon payments, where such instruments are typically issued at a discount with the investor's yield derived from the difference between the purchase price and the full principal repayment at maturity, and on its scheduled maturity date of September 16, 2024, the bond was fully reimbursed to its holders at 100% of its nominal value, reflecting a complete and timely principal repayment, with this market price of 100% at maturity being consistent with the successful discharge of the issuer's obligation to its bondholders upon the instrument's conclusion.