Bond Adagio V CLO DAC 0% ( XS1117289253 ) in EUR

Issuer	Adagio V CLO DAC
Market price	100 % ⇌
Country	Ireland
ISIN code	XS1117289253 ( in EUR )
Interest rate	0%
Maturity	14/10/2029
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Detailed description	Adagio IV CLO DAC is a European Collateralized Loan Obligation (CLO) vehicle, structured as a Designated Activity Company, that issues rated debt tranches backed by a diversified portfolio of senior secured leveraged loans. This financial instrument, identified by ISIN XS1117289253, constitutes a bond issued by Adagio IV CLO DAC, an Irish-domiciled Designated Activity Company typically established as a special purpose vehicle for the purpose of issuing Collateralized Loan Obligations, representing a security currently trading at its par value of 100% in Euros, with a maturity date of October 14, 2029, and notably exhibiting a 0% stated interest rate, implying a zero-coupon structure where investor returns are typically realized through the appreciation of the bond's value to its par redemption price, despite which it nonetheless specifies a quarterly payment frequency, a characteristic that within the intricate framework of a Collateralized Loan Obligation could signify regular principal amortizations or other periodic distributions unique to certain tranches of its capital structure.