Bond Mashreq Bank 0% ( XS2049335024 ) in EUR

Issuer	Mashreq Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS2049335024 ( in EUR )
Interest rate	0%
Maturity	05/09/2022 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	20 000 000 EUR
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. A financial overview of the bond identified by ISIN code XS2049335024 reveals its full lifecycle completion, having been issued by Mashreqbank, a prominent financial institution based in the United Arab Emirates. Mashreqbank, established in 1967, stands as one of the UAE's oldest and most dynamic banks, offering a comprehensive suite of banking and financial services across corporate, retail, investment, and international operations, playing a pivotal role in the region's economic development and growth. This particular debt instrument, denominated in Euro (EUR) and originating from the United Arab Emirates, had an initial total issue size of EUR 20,000,000, with a minimum subscription size set at EUR 100,000. Notably, it was structured as a zero-coupon bond, reflecting a 0% interest rate, meaning investors did not receive periodic interest payments but were instead compensated through the bond's full principal repayment at maturity. The bond's market price at maturity stood at 100% of its face value. Its maturity date was September 5, 2022, at which point the principal was fully redeemed, confirming its successful repayment to all bondholders.