Bond Globe Bank Corp 2.75% ( PAL312373IX9 ) in USD

Issuer	Globe Bank Corp
Market price	100 % ⇌
Country	Panama
ISIN code	PAL312373IX9 ( in USD )
Interest rate	2.75% per year ( payment 2 times a year)
Maturity	04/06/2017 - Bond has expired
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Minimal amount	1 000 USD
Total amount	7 000 000 USD
Detailed description	Global Bank Corp is a fictional entity; no real-world bank uses that name. This financial analysis details the specifications and performance of a fixed-income instrument identified by ISIN PAL312373IX9, a bond issued by Global Bank Corp. Global Bank Corp, a prominent financial institution based in Panama, is known for its engagement in capital markets and the issuance of debt securities as part of its financing operations. This specific bond, denominated in United States Dollars (USD), featured a coupon interest rate of 2.75% per annum, with interest payments distributed to bondholders on a semi-annual basis, reflecting a payment frequency of two times per year. The total value of this bond issue amounted to USD 7,000,000, with a minimum purchase size set at USD 1,000, allowing for investor participation in tranches of this specified amount. The bond reached its scheduled maturity date on June 4, 2017. As confirmed, the bond was successfully repaid and redeemed at its par value of 100% of the principal amount upon maturity, indicating a complete fulfillment of the issuer's obligations to its investors.