Bond TD Bank 0% ( US89114RKU94 ) in USD

Issuer	TD Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US89114RKU94 ( in USD )
Interest rate	0%
Maturity	26/05/2021 - Bond has expired
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Minimal amount	1 000 USD
Total amount	480 000 USD
Cusip	89114RKU9
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	Toronto-Dominion Bank (TD Bank) is a multinational banking and financial services corporation headquartered in Toronto, Canada, offering a wide range of financial products and services to personal and commercial customers globally. This financial analysis details a specific bond issued by Toronto-Dominion Bank, a leading Canadian multinational banking and financial services institution recognized as one of Canada's "Big Five" banks, headquartered in Toronto, Ontario. Identified by ISIN US89114RKU94 and CUSIP 89114RKU9, this USD-denominated bond, originating from Canada, was part of a total issuance of 480,000 units, with a minimum purchase size set at 1,000 units. Notably, the instrument carried a 0% interest rate, indicative of a zero-coupon structure, and was trading at 100% of its principal value when it reached its maturity date on May 26, 2021. Despite a specified semi-annual payment frequency (2), no interest distributions were applicable due to its zero-coupon nature. As of its maturity, this bond has been fully redeemed and its obligation successfully settled.