Bond United Kingdom plc 0% ( GB00BHLK5809 ) in GBP

Issuer	United Kingdom plc
Market price	100 % ⇌
Country	United Kingdom
ISIN code	GB00BHLK5809 ( in GBP )
Interest rate	0%
Maturity	26/04/2021 - Bond has expired
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Minimal amount	1 GBP
Total amount	2 249 992 000 GBP
Detailed description	The United Kingdom is a sovereign state in Europe comprising England, Scotland, Wales, and Northern Ireland. An analysis of a specific bond issuance, identified by ISIN code GB00BHLK5809, provides insight into the characteristics of sovereign debt instruments. The issuer of this bond is the United Kingdom, a prominent G7 nation and a major global financial center, whose government debt is widely regarded for its liquidity and safety, reflecting the country's robust economic framework and stable political environment. This particular bond, denominated in Great British Pounds (GBP) and issued domestically within the United Kingdom, represented a total issuance size of GBP 2,249,992,000, with a minimum purchase size set at 1 unit. A defining feature of this instrument was its 0% interest rate, indicating it was structured as a zero-coupon bond, where investors typically purchase the bond at a discount and receive its full face value upon maturity, rather than periodic interest payments. The bond reached its full maturity on April 26, 2021, and has since been successfully repaid to its holders at its par value of 100%, completing its life cycle in accordance with its initial terms and a payment frequency of one principal repayment at maturity.