Bond MetLife Global Capital I 0% ( US59217HAP29 ) in USD

Issuer	MetLife Global Capital I
Market price	100 % ⇌
Country	United States
ISIN code	US59217HAP29 ( in USD )
Interest rate	0%
Maturity	23/06/2016 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 000 000 000 USD
Cusip	59217HAP2
Detailed description	MetLife Global Funding I is a captive insurance company wholly owned by MetLife, Inc., domiciled in Bermuda and primarily used for the internal reinsurance of certain life insurance risks within the MetLife group. This financial analysis focuses on the US59217HAP29 bond, a specific debt instrument issued by MetLife Global Funding I, a dedicated financing vehicle for MetLife, Inc., a prominent global provider of insurance, annuities, employee benefits, and asset management services based in the United States. Identifiable by its ISIN US59217HAP29 and CUSIP 59217HAP2, this bond was denominated in United States Dollars (USD) and was notable for its zero-coupon structure, meaning it did not feature periodic interest payments; instead, investors would have purchased it at a discount to its par value, anticipating full principal repayment at maturity. The bond had a total issuance size of $1,000,000,000, with a minimum acquisition threshold set at $1,000 per unit. Despite a listed payment frequency of 2 (typically indicating semi-annual interest calculations), this characteristic was not relevant to periodic cash flows given its zero-coupon nature. The instrument reached its maturity date on June 23, 2016, at which point its market price effectively stood at 100% of its face value, as it was fully redeemed and its principal repaid to bondholders, successfully concluding its lifecycle as a fixed-income security.