Bond OTP Bank 0% ( HU0000357116 ) in USD

Issuer	OTP Bank
Market price	100 % ⇌
Country	Hungary
ISIN code	HU0000357116 ( in USD )
Interest rate	0%
Maturity	16/09/2017 - Bond has expired
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Minimal amount	100 USD
Total amount	1 455 900 USD
Detailed description	OTP Bank Hungary is a major Hungarian commercial bank, part of the larger OTP Group, offering a wide range of financial services including retail banking, corporate banking, investment banking, and asset management. This financial analysis details the HU0000357116 bond, a debt instrument issued by OTP Bank (Hungary), which has successfully reached its maturity and been fully repaid. OTP Bank (Országos Takarékpénztár és Kereskedelmi Bank Nyrt.), a prominent financial institution, stands as one of Hungary's largest banking groups, providing a comprehensive suite of financial services including retail banking, corporate banking, investment services, and asset management across Hungary and the Central and Eastern European region. The bond, identified by ISIN HU0000357116, was denominated in USD and issued from Hungary, with a total issue size of 1,455,900 USD and a minimum purchase amount of 100 USD; this instrument matured on September 16, 2017, featured an interest rate of 0%, indicating it was a zero-coupon bond, and its redemption price upon maturity was 100% of its face value, with a payment frequency of 2 stipulated, a standard reference in bond issuance, though its implications for a zero-interest instrument would primarily relate to principal repayment schedules. As confirmed, this obligation has fully matured and all principal amounts have been reimbursed to bondholders, concluding its lifecycle within the financial markets.