Bond Agence Centrale Organisation Sécurité Sociale 0% ( XS2798097189 ) in USD

Issuer Agence Centrale Organisation Sécurité Sociale
Market price 100 %  ⇌ 
Country  France
ISIN code  XS2798097189 ( in USD )
Interest rate 0%
Maturity 02/05/2024 - 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 zero-coupon bond (ISIN: XS2798097189), issued by the Agence Centrale des Organismes de Sécurité Sociale (ACOSS), has recently reached its maturity and been fully redeemed. ACOSS, or the Central Agency for Social Security Organizations, operates as the central financial institution for France's general social security scheme, overseeing the collection of social contributions and the financing of various social benefits across the nation. This specific obligation, denominated in USD, was issued by France and carried a 0% interest rate, characteristic of a zero-coupon instrument, meaning its return for investors was realized through a discount to its face value at issuance, rather than through periodic interest payments. Despite a stated payment frequency of 2 ? a common indication of semi-annual distribution ? this bond's structure as a zero-coupon instrument meant no such recurring interest disbursements were made. The bond matured on May 2, 2024, at which point it was trading at 100% of its par value on the market, signifying its full redemption. The reimbursement effectively concludes the financial life cycle of this French sovereign-linked debt instrument.