The Royal Bank of Canada (RBC) is a Canadian multinational financial services company offering personal and commercial banking, wealth management, insurance, and investment banking services globally.
This fixed-income instrument, a bond identified by ISIN US78015KKB97 and CUSIP 78015KKB9, was issued by the Royal Bank of Canada. As a globally recognized financial institution headquartered in Canada, Royal Bank of Canada holds a prominent position in the international banking sector, offering a wide array of financial services. The bond, denominated in USD, represented a total issue size of $2,930,000 and was available for purchase in minimum increments of $1,000. Distinctly structured as a zero-coupon bond, it carried a 0% interest rate, meaning it did not provide periodic interest payments; instead, investors anticipated receiving the full principal amount at maturity. While a payment frequency of twice per year was indicated, this was effectively nullified by the zero-coupon nature of the bond, as no interest payments were disbursed. The security reached its scheduled maturity date on July 8, 2021, and was subsequently repaid at its par value of 100% to investors, concluding its outstanding status on the market.
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US78015KKB97 ( in USD )
