Bond HSBC Premier 0% ( XS1593399394 ) in USD

Issuer	HSBC Premier
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS1593399394 ( in USD )
Interest rate	0%
Maturity	07/04/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	2 000 000 USD
Detailed description	HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, serving customers worldwide in wealth and personal banking, commercial banking, and global banking and markets. An analysis of the bond market highlights the recent maturity and redemption of a specific debt instrument, identified by its ISIN code XS1593399394. This bond, a USD-denominated security originating from the United Kingdom, was issued by HSBC, one of the world's largest banking and financial services organizations. HSBC Holdings plc, headquartered in London, operates across 62 countries and territories, serving approximately 39 million customers worldwide through its extensive network, encompassing retail banking and wealth management, commercial banking, and global banking and markets, establishing its position as a key player in the international financial system. The bond in question had a total issuance size of 2,000,000 units, with a minimum purchase denomination set at 1,000 units. Noteworthy for its 0% stated interest rate, this security reached its scheduled maturity date on April 7, 2022. While a payment frequency of 2 was indicated, the absence of an interest rate suggests a bond where investor returns were realized primarily through its redemption at par rather than periodic coupon distributions. Indeed, the bond was redeemed at 100% of its face value, reflecting its orderly conclusion in the financial markets, where its market price also stood at 100% prior to its redemption.