Bond Santander Mortgage 3 Bonds 0% ( ES0338093042 ) in EUR

Issuer	Santander Mortgage 3 Bonds
Market price	100 % ▲
Country	Spain
ISIN code	ES0338093042 ( 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. The financial market currently features the bond identified by ISIN ES0338093042, issued from Spain in Euro by Santander Hipotecario 3 Bonds, a specialized entity typically associated with debt issuance programs of the prominent Spanish banking group Santander. Priced at 100% of its nominal value, this instrument is characterized by a 0% interest rate, indicating it operates as a zero-coupon bond with no periodic interest distributions, and is set to mature on January 18, 2050, at which point the principal payment will be made.