Bond UBG 3% ( XS2024961059 ) in USD

Issuer	UBG
Market price	100 % ⇌
Country	Switzerland
ISIN code	XS2024961059 ( in USD )
Interest rate	3% per year ( payment 2 times a year)
Maturity	19/08/2023 - Bond has expired
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Minimal amount	100 000 USD
Total amount	1 000 000 USD
Detailed description	UBS is a Swiss multinational financial services company providing investment banking, wealth management, and asset management services globally. An in-depth review of the debt instrument identified by ISIN XS2024961059 reveals its recent conclusion in the fixed-income market. This bond was issued by UBS, a leading global financial services firm headquartered in Switzerland, renowned for its extensive operations across wealth management, asset management, and investment banking sectors serving a diverse client base worldwide. The security, originally issued from Switzerland and denominated in United States Dollars (USD), featured a fixed annual interest rate of 3%. The total size of this particular bond issuance amounted to 1,000,000 USD, with a minimum investment threshold set at 100,000 USD per lot, catering to a specific segment of investors. Coupon payments for this obligation were structured with a frequency of two times per year, typically implying semi-annual distributions. While its market price prior to its final settlement was noted at 100% of its face value, the most significant update regarding this bond is its status: the instrument reached its maturity date on August 19, 2023, and has been confirmed as having been fully repaid, thereby fulfilling the issuer's obligation to its bondholders.