Bond HSBC Premier 0% ( XS2358838212 ) in USD

Issuer	HSBC Premier
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2358838212 ( in USD )
Interest rate	0%
Maturity	09/07/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	500 000 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 bond issued by HSBC, identified by ISIN code XS2358838212, has successfully reached its maturity on July 9, 2024, and has subsequently been fully redeemed. This particular debt instrument, denominated in USD, was part of a total issuance size of 500,000 units, with a minimum purchase size of 1,000 units. Noteworthy for its 0% interest rate, this characteristic indicates it may have been structured as a zero-coupon bond, acquired at a discount at issuance to provide a yield, or served a specific financing purpose for the issuer, especially given its market price was observed at 100% at the time of its final valuation. The issuer, HSBC, formally known as The Hongkong and Shanghai Banking Corporation, is a globally prominent banking and financial services organization headquartered in London, United Kingdom, and operating across approximately 62 countries and territories worldwide. As one of the largest and most established financial institutions, HSBC Holdings plc offers a comprehensive range of services including retail banking and wealth management, commercial banking, and global banking and markets, underpinning its robust credit profile as a frequent issuer in the international debt capital markets. This bond, originally issued from the United Kingdom, represents a straightforward financial obligation, demonstrating the timely fulfillment of HSBC's commitments to its bondholders upon the instrument's designated maturity.