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ItalianoBond ABS Bank 1.387% ( XS1390266242 ) in USD
| Issuer | ABS Bank |
| Market price | 100 % ⇌ |
| Country |  New Zealand
|
| ISIN code |
 XS1390266242 ( in USD )
|
| Interest rate | 1.387% per year ( payment 4 times a year) |
| Maturity | 06/04/2021 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 000 USD |
| Total amount | 200 000 000 USD |
| Detailed description |
ASB Bank is a major New Zealand bank offering a range of personal and business banking services, including accounts, loans, mortgages, and wealth management products. This financial article details the specifics of a bond, identified by ISIN XS1390266242, which was issued by ASB Bank, a significant financial institution based in New Zealand and a subsidiary of the Commonwealth Bank of Australia. Denominated in USD, this particular obligation offered an annual interest rate of 1.387% and represented a total issuance size of $200,000,000, with a minimum investment increment set at $1,000,000. Interest payments were structured with a quarterly frequency. As of April 6, 2021, this bond reached its stated maturity and has since been fully redeemed at its 100% par value, successfully concluding its lifecycle and fulfilling all contractual obligations to its holders. |