Bond Paccar Finance Europe B.V. 0% ( XS2684006484 ) in GBP

Issuer	Paccar Finance Europe B.V.
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2684006484 ( in GBP )
Interest rate	0%
Maturity	11/10/2023 - Bond has expired
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Detailed description	PACCAR Financial Europe B.V. is a subsidiary of PACCAR Inc., providing financing solutions for the purchase of DAF, Kenworth, and Peterbilt trucks throughout Europe. An analysis of the matured bond market reveals the recent redemption of a specific debt instrument issued by Paccar Financial Europe B.V., identified by ISIN XS2684006484. Paccar Financial Europe B.V. operates as the captive finance arm for Paccar Inc., a global technology leader renowned for designing, manufacturing, and supporting high-quality light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF brands. This subsidiary plays a crucial role in facilitating truck sales and related equipment financing across Europe, delivering essential financial services that bolster the parent company's extensive dealer and customer network. This particular bond, denominated in Great British Pounds (GBP) and issued from the Netherlands, featured a zero percent (0%) interest rate, indicative of a zero-coupon structure where no periodic interest payments were made. It completed its lifecycle by maturing on October 11, 2023, at which point it was redeemed at its full nominal value of 100%, thereby concluding its successful repayment to investors upon expiration.