Bond Synlab Bondcorp PLC 0% ( XS1516322382 ) in EUR

Issuer	Synlab Bondcorp PLC
Market price	100 % ⇌
Country	Germany
ISIN code	XS1516322382 ( in EUR )
Interest rate	0%
Maturity	30/06/2022 - Bond has expired
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Detailed description	Synlab Bondco PLC is a holding company that owns a majority stake in Synlab, a leading European medical diagnostics company offering a broad range of laboratory testing services. A recent financial update confirms the successful maturity and full repayment of the bond identified by ISIN code XS1516322382, issued by Synlab Bondco PLC. Synlab Bondco PLC serves as a financing vehicle for Synlab Group, a prominent European provider of diagnostic services, delivering a comprehensive range of laboratory testing for patients, healthcare professionals, and pharmaceutical companies across numerous countries. This Euro-denominated bond, which originated from Germany, was characterized by a zero-percent interest rate and reached its scheduled maturity on June 30, 2022. At the time of its expiration, the bond's market price was reported at 100% of its face value, indicating its full redemption, consistent with the typical profile of a zero-coupon instrument where the principal is returned at par upon maturity, despite a listed payment frequency of 4, which would typically denote quarterly interest payments for coupon bonds.