Bond Mashreq Bank 2.37% ( XS1578319177 ) in USD

Issuer	Mashreq Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1578319177 ( in USD )
Interest rate	2.37% per year ( payment 2 times a year)
Maturity	15/03/2018 - Bond has expired
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Minimal amount	200 000 USD
Total amount	21 000 000 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. An analysis of the XS1578319177 bond, a fixed-income instrument issued by Mashreqbank, a prominent financial institution headquartered in the United Arab Emirates, reveals its characteristics as a USD-denominated security with a 2.37% fixed coupon rate, an original total issuance size of $21,000,000, a minimum purchase denomination of $200,000, and semi-annual payment frequency, having been issued from the United Arab Emirates, and notably, this obligation successfully reached its maturity on March 15, 2018, and was fully redeemed at 100% of its principal value.