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ItalianoBond El Corte Ingles 0% ( ES05051132O0 ) in EUR
| Issuer | El Corte Ingles | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Spain
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| ISIN code |
 ES05051132O0 ( in EUR )
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| Interest rate | 0% | ||||||||
| Maturity | 21/01/2020 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 000 EUR | ||||||||
| Total amount | 89 500 000 EUR | ||||||||
| Detailed description |
El Corte Inglés is Spain's largest department store group and one of Europe's largest retailers, offering a vast range of products and services including fashion, electronics, groceries, and travel. This financial article details the bond with ISIN ES05051132O0, issued by El Corte Ingles, a prominent Spanish retail group headquartered in Spain, which sought to raise capital through this specific debt instrument; the bond, denominated in EUR, had a substantial total issuance size of ?89,500,000, with a minimum purchase requirement set at ?100,000, and notably carried a 0% interest rate, a characteristic often associated with zero-coupon bonds where investor returns are realized through the difference between the discounted purchase price and the par value at maturity; originally scheduled for maturity on January 21, 2020, with a stated payment frequency of 1, implying a single principal repayment at the end of its term, this obligation successfully reached its maturity date, was quoted at 100% of its nominal value prior to its redemption, and has since been fully redeemed, confirming the complete and timely repayment of principal to all bondholders. |
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