Bond Marex Financials 0% ( XS2172488418 ) in USD
Issuer | Marex Financials |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 11/12/2023 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 2 000 000 USD |
Detailed description |
Marex Financial is a global financial markets firm specializing in broking, clearing, and market making across a range of asset classes, including energy, metals, and agricultural commodities, as well as financial products. The financial market recently observed the maturity and subsequent redemption of a specific bond issuance, identified by ISIN XS2172488418. This obligation, denominated in United States Dollars (USD), reached its maturity date on December 11, 2023, and has been fully repaid. The issuer of this bond was Marex Financial, a key entity within Marex, a prominent global financial services platform headquartered in the United Kingdom. Marex operates across a diverse range of capital markets, providing critical access and services in areas such as commodities, financial futures and options, equities, fixed income, and foreign exchange, serving a broad clientele through its brokerage, clearing, and market-making capabilities, all under robust regulatory oversight, including from the Financial Conduct Authority (FCA). Originating from the United Kingdom, the bond had a total issuance size of USD 2,000,000, with a minimum purchase increment set at USD 1,000. Notably, the instrument carried a stated interest rate of 0%, characteristic of a zero-coupon bond where no periodic interest payments are made, and the return for investors is typically derived from the difference between the purchase price and the redemption value; at its maturity, the bond's market price was reported at 100% of its face value, reflecting its full principal repayment. Although a payment frequency of two was indicated, typically signifying semi-annual distributions, the bond's 0% interest rate structure confirms no periodic interest payments were made, with the principal repayment occurring as a singular event upon the December 11, 2023 maturity. |