Bond Santander Mortgage 3 Bonds 0% ( ES0338093034 ) in EUR

Issuer	Santander Mortgage 3 Bonds
Market price	100 % ▲
Country	Spain
ISIN code	ES0338093034 ( in EUR )
Interest rate	0%
Maturity	18/01/2050
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Detailed description	Santander Hipotecario 3 Bonds are covered bonds issued by Banco Santander, backed by a pool of Spanish residential mortgages, offering investors exposure to the Spanish mortgage market with a relatively stable income stream. This detailed financial overview presents a long-term debt instrument, specifically an obligation identified by ISIN ES0338093034, issued in Spain by Santander Hipotecario 3 Bonds, an entity typically established as a Special Purpose Vehicle (SPV) affiliated with the Santander banking group, primarily for the securitization and management of mortgage-backed assets; this Euro-denominated bond is currently trading at par at 100% of its face value, notably featuring a 0% interest rate and an annual payment frequency, a combination characteristic of a zero-coupon bond where the investor's total return is derived from the difference between its acquisition price and its face value upon its distant maturity on January 18, 2050.