Bond M&T Banking 0% ( US320808AD01 ) in USD

Issuer	M&T Banking
Market price	99.875 % ▲
Country	United States
ISIN code	US320808AD01 ( in USD )
Interest rate	0%
Maturity	15/01/2027
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Minimal amount	1 000 USD
Total amount	150 000 000 USD
Cusip	320808AD0
Standard & Poor's ( S&P ) rating	BB+ ( Non-investment grade speculative )
Moody's rating	N/A
Detailed description	M&T Bank is a regional bank headquartered in Buffalo, New York, offering a wide range of financial services including commercial and retail banking, wealth management, and insurance. A detailed analysis focuses on a specific debt instrument issued by M&T Bank, identified by ISIN US320808AD01 and CUSIP 320808AD0. This bond, issued in the United States and denominated in USD, is currently trading at 99.03% of its par value. Notably, it features a 0% interest rate, categorizing it as a zero-coupon bond, meaning investors do not receive periodic interest payments but realize their return at maturity when the bond is redeemed at its full face value. The maturity date for this particular bond is January 15, 2027. The total size of this issue stands at $150,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of investors. The issuer, M&T Bank Corporation, is a prominent regional banking organization headquartered in Buffalo, New York. Established in 1856, M&T Bank operates a substantial network of branches primarily across the northeastern and mid-Atlantic regions of the United States, offering a comprehensive suite of financial services including retail and commercial banking, wealth management, and mortgage services to individuals, businesses, and institutions. As a well-established entity in the U.S. financial landscape, M&T Bank holds a significant position in its operating markets, demonstrating a consistent focus on community banking and customer relationships. This debt instrument carries a BB+ credit rating from Standard & Poor's (S&P). A BB+ rating falls within the speculative grade (non-investment grade) category, indicating a higher level of credit risk compared to investment-grade bonds, and suggests susceptibility to adverse economic conditions, while still reflecting S&P's assessment of M&T Bank's overall financial strength and its capacity to honor its debt obligations. This zero-coupon bond from M&T Bank therefore represents an opportunity for investors seeking a defined maturity payout without ongoing coupon payments, while considering the issuer's regional banking strength and the associated speculative-grade credit risk.