Bond Goldman Sachs Global Finance 0% ( XS2114133361 ) in RUB

Issuer	Goldman Sachs Global Finance
Market price	100 % ⇌
Country	Jersey
ISIN code	XS2114133361 ( in RUB )
Interest rate	0%
Maturity	25/09/2026
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Minimal amount	10 000 RUB
Total amount	100 000 000 RUB
Detailed description	Goldman Sachs Finance Corp INTL is a wholly-owned subsidiary of Goldman Sachs Group, Inc., primarily engaging in international financing and investment banking activities. A detailed examination of a specific debt instrument reveals key insights into the fixed-income market, particularly concerning specialized financing vehicles. The bond in question, identified by its ISIN code XS2114133361, is an obligation issued by Goldman Sachs Finance Corp INTL. This entity serves as a critical financing arm within the broader Goldman Sachs Group, a globally renowned investment banking and financial services corporation. Goldman Sachs Finance Corp INTL is typically utilized for raising capital in international markets, leveraging its affiliation with the parent company's robust credit profile and extensive financial network to facilitate various business operations and strategic initiatives. The bond's issuance country is Jersey, an independent jurisdiction often favored by international financial institutions for its well-established legal framework and sophisticated regulatory environment, which can offer certain advantages for debt issuance and capital raising activities. As of current market observations, this bond is trading at 100% of its par value, indicating it is presently priced at its face value in the market. Denominated in Russian Rubles (RUB), the bond carries specific currency exposure, which is an important consideration for investors whose base currency is not RUB, introducing foreign exchange risk. A distinct characteristic of this particular bond is its 0% interest rate, signifying it is structured as a zero-coupon bond, meaning that unlike traditional bonds that pay periodic interest, zero-coupon bonds are typically issued at a discount to their face value and mature at par, with the investor's return derived from the capital appreciation over the bond's life, and while the frequency of payment is indicated as '1', this in the context of a zero-coupon bond implicitly refers to the single principal repayment at maturity. The total size of this particular issuance is substantial, amounting to 100,000,000 RUB, reflecting a significant capital raise. Furthermore, the minimum purchase size for this instrument is set at 10,000 RUB, making it accessible to a range of investors. The bond's maturity date is fixed for September 25, 2026, providing a clear timeframe for the investment horizon. This instrument, therefore, represents a unique offering in the debt market, combining the backing of a major financial institution with specific structural features like its zero-coupon nature and RUB denomination, catering to investors with particular yield and currency strategies.