Bond Wells Fargo & Company 0% ( XS1856134702 ) in USD

Issuer	Wells Fargo & Company
Market price	100 % ⇌
Country	United States
ISIN code	XS1856134702 ( in USD )
Interest rate	0%
Maturity	07/08/2048
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Minimal amount	100 000 USD
Total amount	45 000 000 USD
Detailed description	Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries. An notable fixed-income instrument, identified by ISIN XS1856134702, has been issued by Wells Fargo, a globally significant American multinational financial services company headquartered in San Francisco, California, recognized among the United States' "Big Four" banks for its extensive array of banking, investment, mortgage, and consumer and commercial finance products and services offered worldwide. This specific bond, originating from the United States, carries a maturity date of August 7, 2048, and is denominated in US Dollars (USD), with a total issue size of $45,000,000 and a minimum purchase requirement of $100,000. Distinctively, the bond features a 0% interest rate, classifying it as a zero-coupon instrument, meaning it does not distribute periodic interest payments to bondholders, yet it is currently quoted at 100% of its nominal value in the market, with a payment frequency of 2 also listed, an attribute conventionally associated with coupon-bearing securities.