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ItalianoBond Credit Suisse (Bahamas) Limited 0% ( US22551ND375 ) in USD
| Issuer | Credit Suisse (Bahamas) Limited | ||||||
| Market price | 102.85 % ⇌ | ||||||
| Country |  Switzerland
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| ISIN code |
 US22551ND375 ( in USD )
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| Interest rate | 0% | ||||||
| Maturity | 05/01/2023 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||
| Total amount | 636 000 USD | ||||||
| Cusip | 22551ND37 | ||||||
| Standard & Poor's ( S&P ) rating | N/A | ||||||
| Moody's rating | N/A | ||||||
| Detailed description |
Credit Suisse (Bahamas) Limited was a subsidiary of Credit Suisse AG, providing wealth management and related financial services to high-net-worth individuals and institutional clients in the Bahamas. An informative review of the fixed-income market highlights a specific bond, identified by ISIN US22551ND375 and CUSIP 22551ND37, issued by Credit Suisse (Bahamas) Limited, a subsidiary entity of the globally recognized Swiss financial services group Credit Suisse, operating from its base in the Bahamas, a jurisdiction often utilized for international financial operations and private banking services. This USD-denominated bond, part of a total issuance valued at $636,000 with a minimum investment threshold of $1,000, was characterized by a 0% interest rate, designating it as a zero-coupon instrument, meaning that while a payment frequency of two was indicated?typically signifying semi-annual interest payments?no such periodic disbursements were made; instead, investors anticipated the full principal repayment at maturity. The bond successfully reached its maturity date on January 5, 2023, at which point it was fully redeemed at 100% of its face value, signaling the issuer's fulfillment of its obligations to the bondholders. |
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