Bond Mashreq Bank 2.37% ( XS1577830414 ) in USD

Issuer	Mashreq Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1577830414 ( in USD )
Interest rate	2.37% per year ( payment 2 times a year)
Maturity	13/03/2018 - Bond has expired
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Minimal amount	200 000 USD
Total amount	14 000 000 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. A fixed-income instrument, identified by ISIN code XS1577830414, issued by Mashreqbank, has successfully reached its maturity and been fully redeemed. Mashreqbank, a prominent financial institution headquartered in the United Arab Emirates, is recognized as one of the country's leading banks, offering a comprehensive range of banking and financial services to individuals, businesses, and corporations across the region. This particular bond, denominated in US Dollars (USD), carried an annual interest rate of 2.37%, with coupon payments disbursed semi-annually. The total size of this issuance was $14,000,000, structured with a minimum purchase size set at $200,000. The bond was issued out of the United Arab Emirates and was redeemed at par, reflecting its market price of 100% at the time of maturity. Its maturity date was March 13, 2018, at which point the principal was fully repaid to bondholders, marking the completion of its lifecycle as a debt obligation.