Bond ICBC HK 0% ( XS1884572238 ) in USD

Issuer	ICBC HK
Market price	100 % ⇌
Country	China
ISIN code	XS1884572238 ( in USD )
Interest rate	0%
Maturity	27/09/2020 - Bond has expired
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Minimal amount	200 000 USD
Total amount	100 000 000 USD
Detailed description	ICBC (Hong Kong Branch) is a subsidiary of the Industrial and Commercial Bank of China, offering a wide range of commercial banking services in Hong Kong, including corporate banking, personal banking, and financial markets services. An in-depth analysis reveals details concerning a specific debt instrument, identified by ISIN code XS1884572238, issued by ICBC (Hong Kong Branch), a significant international arm of the Industrial and Commercial Bank of China, one of the world's largest state-owned commercial banks. Originating from China, this bond was denominated in United States Dollars (USD) and was part of a total issuance valued at $100,000,000, with a minimum purchase requirement of $200,000. Distinctively, the bond featured a 0% interest rate, classifying it as a zero-coupon instrument, and while a payment frequency of two was noted in its specifications, typically associated with semi-annual coupon payments, this would apply differently to a zero-coupon structure where the return is derived from the discount at issuance. The instrument reached its definitive maturity on September 27, 2020, and at the point of maturity, its market price stood at 100%, confirming that the bond was successfully redeemed and all principal was repaid to investors as per its terms.