Bond Mashreq Bank 3.92% ( XS1954151533 ) in USD

Issuer	Mashreq Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1954151533 ( in USD )
Interest rate	3.92% per year ( payment 2 times a year)
Maturity	22/03/2021 - Bond has expired
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Minimal amount	200 000 USD
Total amount	10 800 000 USD
Detailed description	Mashreqbank is a leading financial institution in the Middle East and North Africa region, offering a wide range of banking and financial services to individuals and corporations. Mashreqbank Successfully Redeems $10.8 Million USD-Denominated Bond upon Maturity Dubai-based financial institution Mashreqbank, a leading privately owned bank in the United Arab Emirates and a prominent player in the MENA region's banking sector, successfully redeemed its USD-denominated bond identified by ISIN XS1954151533 upon its maturity date of March 22, 2021. The bond, originally issued in the United Arab Emirates, had a total issuance size of $10,800,000, catering to investors with a minimum purchase tranche set at $200,000. Throughout its lifecycle, the instrument featured a fixed annual interest rate of 3.92%, with coupon payments disbursed semi-annually (frequency of 2). At its redemption, the bond was settled at 100% of its face value, reflecting a successful and timely return of capital to bondholders. This redemption marks the orderly conclusion of a capital market operation for Mashreqbank, underscoring its commitment to fulfilling its financial obligations to investors.