Bond Marex Financials 0% ( XS2253405794 ) in USD
Issuer | Marex Financials |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 24/04/2023 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 5 000 000 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 markets recently concluded the lifecycle of a specific debt instrument, ISIN XS2253405794, which has now reached full maturity and been successfully reimbursed. This particular bond was issued by Marex Financial, a global financial services platform headquartered in the United Kingdom, renowned for its extensive operations across commodities, energy, and financial futures markets, providing execution, clearing, and data services. The obligation, denominated in USD, represented a total issuance size of $5,000,000, with a minimum investment threshold of $1,000 per unit. A distinctive feature of this instrument was its 0% interest rate, implying it functioned as a zero-coupon bond or a similar non-coupon-bearing structure, where its value was expected to accrue or be redeemed at par, consistent with its reported current market price of 100% just prior to redemption. Despite a specified payment frequency of two, no coupon payments would have been distributed given the zero-interest nature. The bond?s maturity date was April 24, 2023, and its full reimbursement confirms the instrument?s successful conclusion within the market. |