Bond Agence Centrale Organisation Sécurité Sociale 0% ( XS2606009236 ) in GBP

Issuer Agence Centrale Organisation Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2606009236 ( in GBP )
Interest rate 0%
Maturity 27/04/2023 - 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 financial instrument, specifically an obligation identified by ISIN code XS2606009236, recently concluded its lifecycle, having matured and been fully repaid. This bond, issued by the Agence Centrale des Organismes de Sécurité Sociale (ACOSS), originated in France. ACOSS, the Central Agency for Social Security Organizations, serves as the central treasury for France's general social security scheme, managing the collection of social contributions and their redistribution to various branches of social protection, including health, family, and old-age benefits, thus underpinning the stability of its financial issuances. Denominated in Great British Pounds (GBP), the bond featured a 0% interest rate, categorizing it as a zero-coupon instrument, where investor returns are typically realized through the difference between a discounted purchase price and the full nominal value received at redemption. Upon its maturity on April 27, 2023, the bond was repaid at 100% of its nominal value. The indicated single payment frequency for this instrument aligns with the nature of a zero-coupon bond, where the principal amount is returned in a single transaction at the conclusion of its term.