Bond Mashreq Bank 2.3% ( XS1548890786 ) in USD

Issuer	Mashreq Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1548890786 ( in USD )
Interest rate	2.3% per year ( payment 2 times a year)
Maturity	11/01/2018 - Bond has expired
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Minimal amount	200 000 USD
Total amount	75 000 000 USD
Detailed description	Mashreqbank is a leading financial institution in the Middle East and North Africa region, offering a wide range of banking and financial services to individuals and corporations. This financial article provides a comprehensive overview of a specific fixed-income instrument, ISIN code XS1548890786, issued by Mashreqbank. This bond, denominated in United States Dollars (USD), carried a fixed interest rate of 2.3% and was part of a total issuance valued at 75,000,000 units. The minimum investment threshold for this instrument was set at 200,000 units. Originating from the United Arab Emirates, the bond featured semi-annual interest payments, consistent with its stated frequency of two payments per year. The scheduled maturity date for this issuance was January 11, 2018. Mashreqbank, the issuer, is a leading financial institution based in the United Arab Emirates, established in 1967. As one of the oldest and largest private banks in the UAE, Mashreqbank offers a comprehensive range of banking and financial services including retail, corporate, investment, and Islamic banking, serving a broad client base across the MENA region and beyond. It is confirmed that this bond has successfully reached its maturity and has been fully redeemed and repaid, concluding its full lifecycle within the financial market.