Bond RaboBank 0% ( XS2620707195 ) in USD

Issuer	RaboBank
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2620707195 ( in USD )
Interest rate	0%
Maturity	02/05/2024 - Bond has expired
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Detailed description	Rabobank is a Dutch multinational banking and financial services corporation, specializing in food and agriculture, providing services to businesses and individuals globally. A recently concluded financial instrument, the bond identified by ISIN code XS2620707195, was issued by Rabobank, a globally recognized Dutch cooperative bank with a significant focus on the food and agribusiness sectors, headquartered in the Netherlands, the country of issuance for this particular security. Denominated in United States Dollars (USD), this bond reached its scheduled maturity on May 2, 2024. Notably, the instrument was characterized by a zero percent (0%) interest rate, suggesting it was likely a zero-coupon bond issued at a discount to its par value, with investors' returns derived from the difference between the purchase price and the full repayment at maturity, rather than through periodic interest distributions. While the bond specified a payment frequency of two, which typically denotes semi-annual coupon payments in standard bond structures, this characteristic would have been reinterpreted in the context of its zero-coupon nature, potentially referring to other reporting or principal payment intervals if applicable. As of its maturity date, the bond successfully concluded its lifecycle, having been fully repaid to investors at its par value, reflecting a market price of 100% upon redemption.