Bond Euro Bk Recovery & Dev 0% ( XS0084124725 ) in AUD

Issuer	Euro Bk Recovery & Dev
Market price	100 % ▲
Country	United Kingdom
ISIN code	XS0084124725 ( in AUD )
Interest rate	0%
Maturity	10/02/2028
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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. The financial market is currently observing a bond, identified by its ISIN XS0084124725, issued by the European Bank for Reconstruction and Development (EBRD). The European Bank for Reconstruction and Development, a multilateral development bank established in 1991, plays a pivotal role in fostering the transition to market economies and promoting private and entrepreneurial initiatives across Central and Eastern Europe, Central Asia, and the Southern and Eastern Mediterranean regions. Headquartered in London, United Kingdom, the EBRD is owned by 73 countries, alongside the European Union and the European Investment Bank, affording it a robust financial standing and a high credit rating within international capital markets, which enables it to raise substantial funds for its investment and development mandates. This specific bond, issued from the United Kingdom, is denominated in Australian Dollars (AUD) and is set to mature on February 10, 2028. It is notably characterized by a 0% interest rate, functioning as a zero-coupon instrument, which implies that investors do not receive periodic interest payments but would typically anticipate returns through capital appreciation from a discounted purchase price to its par value at maturity. However, this bond is presently trading at 100% of its par value in the market, signifying that its yield to maturity, for an investor acquiring it at this current price and holding until February 2028, is also 0%. The specified payment frequency of '1' refers to the single principal repayment occurring at the bond's maturity date.