Bond WestPac Bank 0% ( XS0633160089 ) in GBP

Issuer	WestPac Bank
Market price	100 % ⇌
Country	Australia
ISIN code	XS0633160089 ( in GBP )
Interest rate	0%
Maturity	03/06/2014 - Bond has expired
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Minimal amount	100 000 GBP
Total amount	600 000 000 GBP
Detailed description	Westpac Banking Corporation is Australia's second-largest bank by assets, offering a diverse range of financial services including personal and business banking, wealth management, and institutional banking across Australia, New Zealand, and the Pacific Islands. This financial analysis focuses on a specific, now-matured debt instrument: a bond identified by ISIN Code XS0633160089. The bond was issued by Westpac Banking Corporation, one of Australia's 'Big Four' banks and a diversified financial services provider with a venerable history stretching back to 1817, offering a comprehensive suite of banking and financial products across Australia and New Zealand. Originating from Australia, this particular issuance was denominated in Great British Pounds (GBP) and had a total size of GBP 600,000,000, with a minimum investment threshold of GBP 100,000. Notably, the bond carried a 0% interest rate, characteristic of a zero-coupon bond, and its specified payment frequency was 1, likely referring to the principal redemption. The instrument reached its scheduled maturity date on June 3, 2014, at which point it was redeemed at its market price of 100% of par, confirming the successful repayment of principal to bondholders.