Bond Euro Bk Recovery & Dev 0% ( XS0076593267 ) in ZAR
| Issuer | Euro Bk Recovery & Dev | ||
| Market price | |||
| Country | United Kingdom
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| ISIN code |
XS0076593267 ( in ZAR )
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| Interest rate | 0% | ||
| Maturity | 17/06/2027 | ||
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| Minimal amount | 5 000 ZAR | ||
| Total amount | 10 000 000 000 ZAR | ||
| Detailed description |
European Bk Recon & Dev is a specialized team focusing on the reconstruction and development of damaged or destroyed buildings and infrastructure across Europe. This financial instrument, a bond identified by ISIN code XS0076593267, has been issued by the European Bank for Reconstruction and Development (EBRD). The EBRD is an international financial institution, established in 1991, dedicated to fostering the transition to market economies and promoting private and entrepreneurial initiative in countries spanning from Central Europe to Central Asia and the Southern and Eastern Mediterranean. Issued from the United Kingdom, this specific bond is denominated in South African Rand (ZAR) and carries a substantial total issuance size of ZAR 10,000,000,000. It stands out with a 0% interest rate and is currently trading on the market at 100% of its par value, requiring a minimum purchase of ZAR 5,000. The bond is set to reach its maturity on June 17, 2027, with a payment frequency of 1, indicating the principal repayment as the sole cash flow event given its zero-coupon nature. |
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