Bond Sunbright Bank Bonds 0% ( TW000G122501 ) in TWD

Issuer	Sunbright Bank Bonds
Market price	100 % ▲
Country	Taiwan
ISIN code	TW000G122501 ( in TWD )
Interest rate	0%
Maturity	Perpetual
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Minimal amount	/
Total amount	1 300 000 000 TWD
Detailed description	Sunny Bank Bonds were UK government savings bonds offering tax-free interest payments, issued between 1965 and 1981. A unique fixed-income instrument, identified by ISIN code TW000G122501, is currently circulating on the market, originating from Sunny Bank Bonds, a financial entity based in Taiwan specializing in the issuance of debt securities. This particular bond, denominated in New Taiwan Dollars (TWD), represents a substantial issuance with a total aggregate principal amount of 1,300,000,000 TWD. Notably, the bond is characterized by a perpetual maturity, meaning it has no fixed redemption date, and it offers a 0% interest rate, indicating that investors do not receive periodic coupon payments. Despite its perpetual nature and lack of an explicit coupon, the bond is presently trading at 100% of its face value on the market, reflecting its par valuation. The instrument is structured with an annual payment frequency, which, in the context of its 0% interest rate, typically refers to the schedule for any potential principal repayments or other contractual events rather than recurring income distributions.