Bond United Kingdom plc 0% ( GB00BXRDLJ88 ) in GBP

Issuer	United Kingdom plc
Market price	100 % ⇌
Country	United Kingdom
ISIN code	GB00BXRDLJ88 ( in GBP )
Interest rate	0%
Maturity	24/04/2017 - Bond has expired
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Minimal amount	1 GBP
Total amount	5 499 943 200 GBP
Detailed description	The United Kingdom is a sovereign state in Europe comprising England, Scotland, Wales, and Northern Ireland. Providing insight into a historical sovereign debt instrument, the GB00BXRDLJ88 bond, issued by the United Kingdom, a G7 nation and a global financial hub known for its robust economic framework and high creditworthiness, completed its lifecycle with its redemption on April 24, 2017. Denominated in GBP, this specific bond, which represented a total issuance size of 5,499,943,200 and allowed for a minimal purchase unit of 1, featured a 0% interest rate, indicating its structure as a zero-coupon bond where investors anticipated return from the difference between the purchase price and the redemption price, which was effectively 100% on the market at maturity; consequently, it did not provide periodic coupon payments but rather a single principal repayment event upon its fixed maturity date, at which point it was fully redeemed by the issuer, concluding its tenure in the market.