Bond Santanderio 0% ( ES0513495WS8 ) in EUR
Issuer | Santanderio |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 27/03/2024 - Bond has expired |
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Minimal amount | / |
Total amount | / |
Detailed description |
Santander is a Spanish multinational banking and financial services company headquartered in Santander, Cantabria, Spain. **Financial Instrument Review: Santander Zero-Coupon Bond ES0513495WS8 Reaches Maturity and Redemption** This report details the recent maturity and redemption of a specific zero-coupon bond, identified by the ISIN code ES0513495WS8, issued by Santander. Santander, formally Banco Santander, S.A., stands as a globally significant financial services company based in Spain, renowned for its extensive retail and commercial banking operations across Europe, North America, and South America. As one of the largest banks in the eurozone by market capitalization, Santander's debt instruments are closely watched indicators within the fixed income market, reflecting the institution's robust financial standing and its role in sovereign and corporate finance. The bond in question, denominated in Euros (EUR) and issued from Spain, carried a stated interest rate of 0%, categorizing it as a zero-coupon bond. This structure implies that investors did not receive periodic interest payments throughout the bond's life. Instead, the principal amount, which in this case reflected a market price of 100% at the time of maturity, was designed to be repaid in a single lump sum upon its expiry. This characteristic aligns with the "payment frequency 1" notation, signifying a single principal repayment event at the end of the term rather than multiple coupon disbursements. The bond's maturity date was precisely scheduled for March 27, 2024. As of this date, the obligation reached its full term and has been successfully redeemed, confirming the repayment of the principal to its holders in accordance with the original terms of issuance. This redemption concludes the lifecycle of this particular financial instrument, demonstrating the timely fulfillment of Santander's debt obligations. |