Bond United Kingdom plc 0% ( GB00BP1VGQ43 ) in GBP

Issuer United Kingdom plc
Market price 100 %  ⇌ 
Country  United Kingdom
ISIN code  GB00BP1VGQ43 ( in GBP )
Interest rate 0%
Maturity 18/07/2022 - Bond has expired



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Minimal amount 1 GBP
Total amount 2 499 999 000 GBP
Detailed description The United Kingdom is a sovereign state in Europe comprising England, Scotland, Wales, and Northern Ireland.

**United Kingdom's GB00BP1VGQ43 Bond Successfully Matures and Redeems** A sovereign bond issued by the United Kingdom, identified by the ISIN code GB00BP1VGQ43, has successfully reached its maturity date on July 18, 2022, and has been fully redeemed. This financial instrument, originating from the United Kingdom, represented a specific component of the nation's public debt management. As the issuer, the United Kingdom, through HM Treasury, holds a prominent position in global financial markets, recognized as a highly stable and reliable sovereign borrower. Its debt instruments are widely considered secure investments, underpinned by the country's robust economic framework, developed financial markets, and consistent adherence to its financial obligations. Details of this particular obligation indicate it was denominated in Great British Pounds (GBP) and comprised a substantial total issuance size of GBP 2,499,999,000. A notable characteristic of this bond was its 0% interest rate, which is typical for a zero-coupon bond where investors accrue returns from the difference between the discounted purchase price and the full face value received at maturity. The minimum purchase size for this instrument was set at 1 unit. Although a payment frequency of 1 is noted, for a zero-coupon bond, this refers to the single principal repayment made upon the bond's maturity. Upon reaching its maturity on July 18, 2022, the bond was redeemed at 100% of its face value. This redemption at par, executed in the bond's country of issuance, the United Kingdom, confirms the orderly and timely fulfillment of this specific debt obligation, showcasing the issuer's consistent commitment to managing its financial liabilities.