Bond WestPac Bank 0% ( XS0993813707 ) in EUR

Issuer	WestPac Bank
Market price	100 % ⇌
Country	Australia
ISIN code	XS0993813707 ( in EUR )
Interest rate	0%
Maturity	10/11/2016 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	800 000 000 EUR
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 report details the characteristics and lifecycle of a specific debt instrument, ISIN XS0993813707, issued by Westpac Banking. Westpac Banking, a prominent Australian financial institution, stands as one of the 'Big Four' banks in Australia, offering a comprehensive range of banking and financial services to individuals, businesses, and institutions across Australia, New Zealand, and the Pacific region. The bond, denominated in EUR, represented a total issue size of EUR 800,000,000, with a minimum purchase denomination set at EUR 100,000. Notably, this was a zero-coupon bond, meaning it did not accrue periodic interest payments, and investors anticipated a single principal repayment at maturity. The instrument reached its maturity date on November 10, 2016. Consistent with its terms, the bond was fully repaid to its holders at 100% of its face value upon its maturity, confirming its successful redemption and the fulfillment of the issuer's obligations.