Bond Paccar Finance Europe B.V. 0% ( XS2693783289 ) in EUR

Issuer Paccar Finance Europe B.V.
Market price 100 %  ⇌ 
Country  Netherlands
ISIN code  XS2693783289 ( in EUR )
Interest rate 0%
Maturity 08/10/2023 - 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.

A financial instrument identified by ISIN XS2693783289, a fixed-income bond issued by Paccar Financial Europe B.V., a Netherlands-based entity serving as the captive finance arm of PACCAR Inc., a leading global technology company and manufacturer of premium light, medium, and heavy-duty trucks under brands such as Kenworth, Peterbilt, and DAF, recently reached its maturity and was successfully redeemed. This EUR-denominated security, which carried a 0% interest rate and consequently made no periodic coupon payments, functioned as a zero-coupon or a par bond without coupons, with its full and final settlement occurring at its stated maturity date of October 8, 2023, at which point it was repaid at 100% of its face value, signifying the complete return of principal to its bondholders.