Bond Agence Centrale Organisation Sécurité Sociale 0% ( XS2603073474 ) in USD

Issuer Agence Centrale Organisation Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2603073474 ( in USD )
Interest rate 0%
Maturity 22/05/2023 - 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.

The fixed-income market recently observed the successful maturity and redemption of the bond identified by ISIN XS2603073474, a debt instrument issued by the Agence Centrale des Organismes de Sécurité Sociale (ACOSS), France's central agency responsible for managing the cash flow and financing needs of the general social security scheme. This key French public entity, renowned for its integral role in the nation's social welfare framework and its robust credit standing as a sovereign-backed issuer, offered this particular obligation denominated in USD, which reached its scheduled maturity date on May 22, 2023. Notably, this bond was characterized by a zero-coupon structure, implying it carried a 0% interest rate and consequently generated no periodic coupon payments throughout its lifecycle; investor returns were realized through the bond's original issuance at a discount to its par value, which was then repaid at 100% of its face amount upon maturity. While a semi-annual payment frequency was technically noted, the absence of an interest rate meant this specification was primarily administrative rather than indicative of actual coupon disbursements, with the full principal repayment at par representing the final financial event for this instrument, confirming its complete and timely redemption.