Bond RCI Finance 0% ( FR0127383984 ) in EUR

Issuer	RCI Finance
Market price	100 % ⇌
Country	France
ISIN code	FR0127383984 ( in EUR )
Interest rate	0%
Maturity	24/03/2023 - Bond has expired
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Detailed description	RCI Banque is a French captive finance company specializing in automotive financing and insurance services, primarily supporting Renault and Nissan brands globally. Details regarding a specific debt instrument, a bond (Type: Obligation) bearing ISIN code FR0127383984, issued by RCI Banque from France, confirm its recent maturity and redemption. RCI Banque, as the dedicated financial services arm of the global automotive alliance Renault-Nissan-Mitsubishi, is instrumental in facilitating vehicle sales and providing mobility solutions for the group's brands and customers worldwide. Its operations, spanning various financing and service offerings, are underpinned by diverse funding strategies, including the issuance of bonds like this one from its French base of operations. This particular bond was denominated in EUR and notably featured a zero-coupon interest rate (0%), meaning investors' returns were realized through the bond's full redemption value at maturity rather than periodic interest payouts. With its scheduled maturity date of March 24, 2023, and a payment frequency of one (indicating a single principal repayment at the end of its term), the bond was recorded at a market price of 100% upon reaching its maturity. As per its terms and status, this obligation has successfully matured and has been fully redeemed, thereby concluding its financial lifecycle.