Bond Agence Centrale Organisation Sécurité Sociale 0% ( XS2597738819 ) in USD

Issuer Agence Centrale Organisation Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2597738819 ( in USD )
Interest rate 0%
Maturity 11/04/2023 - Bond has expired



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Detailed description The Agence Centrale des Organismes de Sécurité Sociale (ACOSS) is the central agency responsible for coordinating and managing France's social security system.

A fixed-income instrument, specifically identified by its ISIN XS2597738819, issued by the Agence Centrale des Organismes de Sécurité Sociale (ACOSS), has successfully concluded its term, reaching its maturity and undergoing full redemption. The issuer, Agence Centrale des Organismes de Sécurité Sociale, is the central agency responsible for managing the treasury of France's general social security scheme, playing a pivotal role in collecting contributions and distributing funds across various social protection branches, including health, family, and old-age benefits, thereby underpinning the financial stability of the French social welfare system. This particular bond, denominated in US Dollars (USD) and originating from France, distinguished itself by carrying a 0% interest rate, classifying it as a zero-coupon bond. This structure meant that investors did not receive recurring interest payments but instead acquired the bond, anticipating a single principal repayment upon maturity. While the bond's data indicated a payment frequency of two, consistent with a semi-annual schedule for coupon-bearing instruments, the zero-coupon characteristic of this specific issuance precluded periodic interest disbursements. The instrument reached its scheduled maturity on April 11, 2023, at which point it was fully redeemed at 100% of its nominal value, signifying the completion of its investment cycle within the fixed-income market.