Bond HSBC Premier 0% ( XS2276937039 ) in USD

Issuer	HSBC Premier
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2276937039 ( in USD )
Interest rate	0%
Maturity	28/06/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	833 000 USD
Detailed description	HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, serving customers worldwide in wealth and personal banking, commercial banking, and global banking and markets. A recently matured financial instrument, identified by ISIN XS2276937039, concluded its lifecycle on June 28, 2024, having been fully repaid at its par value of 100%. This obligation was issued by HSBC, a prominent global banking and financial services organization headquartered in the United Kingdom, renowned for its extensive operations across retail banking, wealth management, commercial banking, and global banking and markets. The USD-denominated bond, part of a total issuance size of 833,000 units with a minimum purchase threshold of 1,000 units, was characterized by a 0% interest rate and an initially stipulated payment frequency of two, though its maturity has now rendered these ongoing payment terms obsolete. The successful redemption of this bond at its full market price of 100% illustrates the orderly conclusion of its investment cycle for holders, reflecting the operational efficiency in debt management by the issuer.