Français
ItalianoBond National Bank of Canada 0% ( XS1452531871 ) in USD
| Issuer | National Bank of Canada | ||||||||
| Market price |  100.00 % ⇌ |
||||||||
| Country |  Canada
|
||||||||
| ISIN code |
 XS1452531871 ( in USD )
|
||||||||
| Interest rate | 0% | ||||||||
| Maturity | 29/07/2046 | ||||||||
|
Prospectus brochure in PDF format |
|||||||||
| Minimal amount | 250 000 USD | ||||||||
| Total amount | 432 000 000 USD | ||||||||
| Detailed description |
The National Bank of Canada is a major Canadian bank offering a wide range of financial services including personal and commercial banking, wealth management, and financial markets. Investors are observing the terms of a specific fixed-income instrument issued by the National Bank of Canada, identified by ISIN code XS1452531871. This particular bond offers a distinctive profile, notably its zero-coupon structure and extended maturity horizon, presenting a unique proposition within the current financial landscape. The National Bank of Canada, a prominent financial institution headquartered in Montreal, Quebec, stands as one of Canada's leading banking groups. With a history spanning over 150 years, it provides a comprehensive suite of financial services to individuals, businesses, and institutions across Canada and globally, encompassing retail banking, wealth management, corporate and investment banking, and financial markets, establishing its significant footprint within the North American financial sector and its capacity to issue large-scale debt instruments. This specific issuance, originating from Canada, is denominated in United States Dollars (USD), with a total issue size amounting to $432,000,000. The bond currently trades at its par value of 100% on the market. A key characteristic is its 0% interest rate, indicating that it is a zero-coupon bond, meaning no periodic coupon payments will be distributed to bondholders. The instrument carries a long-term maturity date of July 29, 2046. While a payment frequency of 2 (typically semi-annual) is specified, this refers to a general attribute for bonds and, in the context of a 0% interest rate, signifies the absence of traditional coupon payments. The minimum purchase size for this bond is set at $250,000, suggesting it targets institutional investors or high-net-worth individuals. The zero-coupon nature, coupled with the long maturity period stretching to 2046, positions this bond as a unique asset within fixed-income portfolios; its current trading at par, given the 0% interest rate, means that investors acquiring the bond at its current market price and holding it to maturity would primarily secure the return of their principal, rather than generating ongoing income, which could appeal to investors seeking long-term capital preservation in USD or those for whom the bond serves a specific role within a more complex, potentially structured, investment strategy where the yield component is derived differently or is not the primary objective of this particular bond tranche. |
||||||||
| |||||||||