Bond ICBC Singapore 0% ( XS1602480177 ) in USD

Issuer	ICBC Singapore
Market price	100 % ⇌
Country	China
ISIN code	XS1602480177 ( in USD )
Interest rate	0%
Maturity	24/04/2022 - Bond has expired
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Minimal amount	200 000 USD
Total amount	1 450 000 000 USD
Detailed description	ICBC (Singapore Branch) is a subsidiary of the Industrial and Commercial Bank of China, offering a wide range of financial services including corporate banking, trade finance, and personal banking products to individuals and corporations in Singapore. An analysis of a specific debt instrument confirms the successful maturity and full repayment of a bond issued by ICBC (Singapore Branch), a pivotal international subsidiary of the Industrial and Commercial Bank of China (ICBC), which stands as one of the world's largest banks by assets and global reach, with its Singapore branch playing a crucial role in extending the parent company's financing capabilities and presence across Asia and beyond from a major financial hub. This particular bond, identified by ISIN code XS1602480177 and classified as a standard debt obligation, was issued from China, denominated in US Dollars (USD), and represented a substantial total issue size of USD 1,450,000,000, with a minimum acquisition size set at USD 200,000. Notably, the bond was structured as a zero-coupon instrument, carrying a stated interest rate of 0%, indicating that investor returns were realized through a discount at issuance and full redemption at par, and while a payment frequency of 2 was indicated, this would primarily pertain to administrative or reporting aspects given its zero-coupon nature rather than periodic interest distributions. The bond officially reached its maturity date on April 24, 2022, and has since been fully repaid to its holders, concluding its lifecycle with its market price standing at 100% at the time of final settlement, reflecting its successful redemption at face value.