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ItalianoBond Commonwealth Bank 0% ( US2027A1KC09 ) in USD
| Issuer | Commonwealth Bank | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Market price | 100 % ▼ | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Country |  Australia
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| ISIN code |
 US2027A1KC09 ( in USD )
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| Interest rate | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | 06/04/2024 - Bond has expired | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimal amount | 2 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | 500 000 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cusip | 2027A1KC0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | AA- ( High grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Moody's rating | Aa3 ( High grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Detailed description |
Commonwealth Bank (CBA) is Australia's largest bank by assets, offering a wide range of financial services including retail banking, business banking, wealth management, and institutional banking. This financial overview details a specific bond instrument, identified by ISIN US2027A1KC09 and CUSIP 2027A1KC0, which has recently reached its maturity. The issuer of this debt security is Commonwealth Bank, a prominent financial institution based in Australia, recognized as one of the country's largest banks offering a comprehensive range of banking and financial services. The bond was denominated in United States Dollars (USD) and was notable for having a stated interest rate of 0%. This particular issuance had an aggregate principal amount of $500,000,000, with a minimum purchase threshold set at $2,000. Its maturity date was June 4, 2024, at which point the bond was fully redeemed at its par value, as reflected by its prevailing market price of 100% prior to redemption. Although a payment frequency of semi-annual was specified, the 0% interest rate strongly indicates a zero-coupon structure where the return for investors would have been derived from the difference between the purchase price and the par value upon maturity. The bond carried strong investment-grade credit ratings from leading agencies: an AA- rating from Standard & Poor's (S&P) and an Aa3 rating from Moody's, reflecting Commonwealth Bank's robust credit profile. |
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