Bond Llyods Bank 0% ( XS1870352280 ) in USD

Issuer	Llyods Bank
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS1870352280 ( in USD )
Interest rate	0%
Maturity	28/08/2048
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Minimal amount	1 000 000 USD
Total amount	30 000 000 USD
Detailed description	Lloyds Banking Group is a major British banking and financial services corporation, offering a wide range of products and services to personal and corporate customers across the United Kingdom. A recently observed bond offering provides insights into the strategic financial instruments issued by Lloyds Bank, a globally recognized financial institution. Lloyds Bank, a venerable UK-based financial services provider, holds a significant position as one of the largest retail and commercial banks in the United Kingdom. With origins dating back to 1765, it forms a crucial part of the broader Lloyds Banking Group, offering a comprehensive suite of banking and financial services to a vast clientele across the UK and beyond. This particular debt instrument, identified by the ISIN XS1870352280, is classified as a bond issued from the United Kingdom. Its current market price stands at 100% of its face value, denominated in USD. A key characteristic of this bond is its 0% interest rate, indicating it does not provide periodic coupon payments to bondholders. The instrument is set to mature on August 28, 2048, defining it as a long-term investment vehicle. The total size of this specific issuance is 30,000,000 USD, with a minimum purchase size stipulated at 1,000,000 USD, targeting potentially institutional or high-net-worth investors. Despite the absence of a coupon rate, the bond's terms specify a payment frequency of two times per year, outlining the structured nature of its financial mechanics.