Bond Escher Merrick PLC 10% ( GB00BL542G37 ) in GBP

Issuer	Escher Merrick PLC
Market price	100 % ▼
Country	United Kingdom
ISIN code	GB00BL542G37 ( in GBP )
Interest rate	10% per year ( payment 2 times a year)
Maturity	11/08/2022 - Bond has expired
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Minimal amount	1 GBP
Total amount	5 000 000 GBP
Detailed description	Escher Marwick PLC was a major British accounting firm, later merged to form Ernst & Young. Escher Marwick PLC, a UK-based entity, has successfully concluded the lifecycle of its bond identified by ISIN GB00BL542G37, which matured and was fully redeemed on August 11, 2022. This fixed-income instrument, denominated in British Pounds Sterling (GBP) and issued from the United Kingdom, carried a significant annual interest rate of 10%, with coupon payments distributed semi-annually. The total issuance size for this bond was £5,000,000, and it was structured with a minimum purchase size of 1 unit, indicating its accessibility. Upon its maturity, the bond's market price stood at 100% of its par value, confirming that all principal amounts were fully returned to investors. Escher Marwick PLC has confirmed that the bond has indeed matured and all outstanding obligations to bondholders have been successfully fulfilled, marking a complete and successful redemption cycle for this security.