Bond Morgan Stanley Nederland 0% ( GB00BFCNHY41 ) in GBP

Issuer	Morgan Stanley Nederland
Market price	100 % ⇌
Country	Netherlands
ISIN code	GB00BFCNHY41 ( in GBP )
Interest rate	0%
Maturity	11/01/2027
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Minimal amount	1 GBP
Total amount	10 928 620 GBP
Detailed description	Morgan Stanley B.V. is a Dutch subsidiary of Morgan Stanley, a global financial services firm, providing a range of investment banking, securities, and wealth management services within the European market. Investors are currently observing a specific bond issuance from Morgan Stanley B.V., identified by its ISIN GB00BFCNHY41, a debt instrument that carries unique features. Morgan Stanley B.V. is a Dutch-domiciled entity, forming a crucial part of the globally renowned financial services firm Morgan Stanley, and frequently serves as an issuing vehicle for various financial products within the group's international operations, leveraging the broader institution's financial strength and market standing. This particular bond, classified as a standard obligation, was issued in the Netherlands and is denominated in British Pounds (GBP). The total size of this issuance amounts to GBP 10,928,620, with a minimum purchase size set at just 1 unit, suggesting broad accessibility. A distinctive characteristic of this bond is its 0% interest rate, indicating it is a zero-coupon instrument, meaning no periodic interest payments are made to bondholders; consequently, the noted payment frequency of 1, which would typically denote annual coupon payments, confirms the absence of such distributions. The bond is currently trading at 100% of its par value, implying that if held to its maturity date of January 11, 2027, the principal will be returned without any accrued interest. This combination of a par price and zero interest rate suggests that the instrument primarily serves as a principal-repayment vehicle, potentially for specific balance sheet management, liquidity purposes, or as a component within a larger structured financial product, rather than a traditional income-generating investment.