Bond India State Bank (London Branch) 0% ( XS0580415569 ) in USD

Issuer	India State Bank (London Branch)
Market price	100 % ⇌
Country	India
ISIN code	XS0580415569 ( in USD )
Interest rate	0%
Maturity	21/01/2016 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 000 USD
Total amount	100 000 000 USD
Detailed description	The State Bank of India's London branch offers a comprehensive range of banking services to corporate and individual clients, including trade finance, remittances, and investment banking, leveraging SBI's extensive global network. This financial article details a specific bond issuance, identified by ISIN XS0580415569, which originated from the State Bank of India's London Branch, a significant entity of India's largest public sector bank, globally renowned for its extensive operations and financial services, with the USD-denominated bond, issued from India, carrying a substantial total issuance size of $100,000,000 and a minimum investment threshold set at $100,000. Notably, this instrument featured a stated interest rate of 0%, indicating it was structured as a zero-coupon bond where the return to investors was realized through its redemption at par, confirmed by its 100% market price at maturity, and despite a specified payment frequency of two, consistent with potential semi-annual terms, no periodic coupon payments were applicable due to its zero-coupon nature, as the bond reached its maturity date on January 21, 2016, and has since been fully repaid to bondholders, concluding its lifecycle within the financial markets.