Bond Santander Bank 0% ( XS2407972244 ) in AUD

Issuer	Santander Bank
Market price	100 % ⇌
Country	Spain
ISIN code	XS2407972244 ( in AUD )
Interest rate	0%
Maturity	18/11/2031
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	200 000 AUD
Total amount	40 000 000 AUD
Detailed description	Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America. This fixed-income instrument, identified by ISIN XS2407972244, represents a specific bond issuance by Banco Santander S.A., the prominent Spanish multinational financial services company with a significant global footprint across Europe, North America, and South America, known for its extensive retail and commercial banking operations. The bond, denominated in Australian Dollars (AUD), has a total issue size of AUD 40,000,000 and is set to mature on November 18, 2031, classifying it as a long-term debt security. A distinct characteristic of this particular bond is its stated 0% interest rate, indicating that it does not pay periodic coupons; instead, for a typical zero-coupon structure, investors' returns are derived from the difference between a discounted purchase price and the full principal repayment at maturity. However, the current market price for this bond is reported at 100% of its par value, implying a zero yield to maturity if purchased at this price and held until November 2031. Issued out of Spain, the bond is available for purchase with a minimum lot size of AUD 200,000, reflecting its targeting of institutional or high-net-worth investors, and its payment frequency of '1' further reinforces the non-periodic coupon nature, typically associated with a single principal repayment at maturity.