Bond ABS Bank 0% ( XS1481597695 ) in USD

Issuer	ABS Bank
Market price	100 % ⇌
Country	New Zealand
ISIN code	XS1481597695 ( in USD )
Interest rate	0%
Maturity	30/08/2017 - Bond has expired
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Minimal amount	200 000 USD
Total amount	100 000 000 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 article provides an overview of the ASB Bank bond, identified by ISIN XS1481597695, a fixed-income instrument that has reached its full maturity and redemption, with ASB Bank, the issuer, being a prominent New Zealand-based financial institution established in 1847 and operating as a wholly-owned subsidiary of the Commonwealth Bank of Australia (CBA), which, as a comprehensive bank, provides a wide array of retail, business, and rural banking services alongside wealth management solutions, solidifying its position as a key player in the New Zealand financial landscape with a strong digital footprint and commitment to innovation, and the bond itself was classified as a bond type, issued from New Zealand, denominated in US Dollars, featuring an interest rate of 0% which effectively functioned as a zero-coupon bond, typically acquired at a discount and redeemed at its face value, having a total issue size amounting to 100,000,000, with a minimum purchase size set at 200,000, and a stated payment frequency of 2, ultimately reaching its final maturity on August 30, 2017, whereupon, as indicated by its market price at the time of redemption, which was 100% of its par value, the bond was fully redeemed, thus concluding its lifecycle within the fixed-income market and ensuring principal repayment to its holders.