Bond London Transport 3.625% ( XS0928618569 ) in GBP

Issuer	London Transport
Market price	100 % ▲
Country	United Kingdom
ISIN code	XS0928618569 ( in GBP )
Interest rate	3.625% per year ( payment 1 time a year)
Maturity	14/05/2045
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 000 GBP
Total amount	400 000 000 GBP
Next Coupon	15/05/2026 ( In 63 days )
Detailed description	Transport for London (TfL) is a local government body responsible for most of London's transport network, including the Underground, buses, trams, and river services. A detailed analysis of a long-dated fixed income instrument issued by Transport for London (TfL), a prominent public sector entity in the United Kingdom, provides insight into its key financial attributes. Transport for London serves as the integrated transport authority for Greater London, overseeing and managing the city's extensive public transport network, which encompasses the London Underground, buses, Docklands Light Railway, London Overground, Trams, and various cycle hire schemes. As a statutory body, TfL plays a critical role in the economic and social fabric of the capital, financing its operations, maintenance, and significant infrastructure projects through diverse sources, including capital markets. This particular bond, identified by the ISIN XS0928618569, is a Sterling-denominated (GBP) obligation issued from the United Kingdom, featuring a fixed annual interest rate of 3.625%, with interest payments scheduled annually. The instrument exhibits a long-term maturity profile, slated to redeem on May 14, 2045, positioning it as a potentially attractive option for investors seeking extended duration exposure to a quasi-sovereign entity. With a total issuance volume of GBP 400,000,000 and a minimum purchase size set at GBP 100,000, the bond is currently trading at 100% of its face value on the market, indicating it is priced at par.