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ItalianoBond United Kingdom 0% ( GB00BXRDLJ88 ) in GBP
| Issuer | United Kingdom | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  United Kingdom
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| ISIN code |
 GB00BXRDLJ88 ( in GBP )
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| Interest rate | 0% | ||||||
| Maturity | 24/04/2017 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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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. |
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