Bond Générale Société 0% ( GB00BN08XS34 ) in GBP
Issuer | Générale Société |
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Interest rate | 0% |
Maturity | 27/01/2033 |
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Detailed description |
Société Générale is a major French multinational banking and financial services corporation. This financial instrument, identified by the ISIN code GB00BN08XS34, is a bond issued by Societe Generale, a major French multinational financial services company and one of Europe's leading banks, which operates extensively across retail banking, corporate and investment banking, financial services, and insurance, thereby establishing itself as a significant and diversified player in global finance and a consistent issuer in the debt capital markets. This particular bond, issued from France and denominated in Great British Pounds (GBP), carries a maturity date of January 27, 2033, and is distinctively characterized by a zero percent (0%) interest rate, classifying it as a zero-coupon instrument where bondholders do not receive periodic interest payments; instead, the return is anticipated through the bond being potentially purchased at a discount to its face value and redeemed at par upon maturity, though its current market price is reported at 100% of its par value. While a payment frequency of '1' is indicated, this refers to the annual periodicity for coupon assessments, which in the context of this zero-coupon bond, confirms the absence of recurring interest distributions, with the full principal repayment occurring on the specified maturity date. |