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ItalianoBond Caixabank 0% ( ES0340609884 ) in EUR
| Issuer | Caixabank | ||||||
| Market price | 100 % ⇌ | ||||||
| Country |  Spain
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| ISIN code |
 ES0340609884 ( in EUR )
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| Interest rate | 0% | ||||||
| Maturity | 08/02/2021 - Bond has expired | ||||||
| Minimal amount | 100 000 EUR | ||||||
| Total amount | 17 800 000 EUR | ||||||
| Detailed description |
CaixaBank is a prominent Spanish financial group and a leader in retail banking, recognized for its strong digital transformation efforts and significant social commitment. An insightful review of the debt market highlights the recent status of a specific zero-coupon bond, identified by ISIN ES0340609884, which was issued by Caixabank, a leading financial institution based in Spain. Caixabank, with its headquarters in Valencia and Barcelona, stands as one of the largest and most influential banks in the Spanish financial landscape, offering a wide array of banking and financial services to a diverse clientele across retail, corporate, and institutional segments. This particular bond, denominated in EUR, represented a total issuance volume of 17,800,000, with a minimum subscription tranche established at 100,000. Characterized by a stated interest rate of 0%, this zero-coupon instrument was designed to provide returns through its discounted initial purchase price relative to its par value at maturity, rather than through periodic coupon payments. Issued from Spain, the bond reached its predetermined maturity date on August 2, 2021. Upon this date, the bond was fully redeemed at 100% of its face value, confirming the successful repayment of principal to its bondholders in accordance with its issuance terms; the specified payment frequency of '1' for this zero-coupon bond signifies that the principal and implied interest were paid as a single lump sum at maturity. |
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