Bond Marex Financials 0% ( XS2291418643 ) in USD

Issuer	Marex Financials
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2291418643 ( in USD )
Interest rate	0%
Maturity	20/11/2023 - 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. This article details the characteristics and concluded lifecycle of a specific bond issuance, identified by ISIN XS2291418643, originating from Marex Financial. Marex Financial is a prominent global financial services platform that offers an extensive suite of services including prime brokerage, market making, clearing, and proprietary trading across a broad spectrum of financial products and markets, operating internationally from its base in the United Kingdom, the bond's country of issuance. This USD-denominated obligation, which represented a total issue size of 5,000,000, was designed with a minimum purchase increment of 1,000. A distinctive feature of this instrument was its 0% interest rate, classifying it as a zero-coupon bond where investors' returns are derived from the discount at which it is purchased relative to its redemption value; despite this zero-coupon structure, the bond was initially characterized with a scheduled payment frequency of two times per year. The bond reached its definitive maturity date on November 20, 2023, at which point it was successfully redeemed at its par value of 100% to investors, marking the completion of its financial obligation.