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ItalianoBond Abu Dhabi Commerce Bank 0% ( XS1958264126 ) in USD
| Issuer | Abu Dhabi Commerce Bank | ||
| Market price |  100 % ⇌ |
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| Country |  United Arab Emirates
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| ISIN code |
 XS1958264126 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 08/03/2049 | ||
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| Minimal amount | 1 000 000 USD | ||
| Total amount | 20 000 000 USD | ||
| Detailed description |
Abu Dhabi Commercial Bank (ADCB) is a major commercial bank in the United Arab Emirates, offering a wide range of financial services including retail banking, corporate banking, investment banking, and wealth management to both individuals and corporations. An issuance identified by ISIN XS1958264126, a debt instrument originated by Abu Dhabi Commercial Bank, is currently trading at par, reflecting a market price of 100% of its nominal value. Abu Dhabi Commercial Bank, a prominent financial institution based in the United Arab Emirates and one of the largest banks in the UAE offering a comprehensive suite of banking and financial services, is the issuer of this particular bond. Denominated in US Dollars (USD), the total size of this issuance stands at USD 20,000,000, with a substantial minimum purchase requirement set at USD 1,000,000, suggesting a target audience of institutional or sophisticated investors. Notably, this is a zero-coupon bond, meaning it carries a stated interest rate of 0% and therefore does not provide periodic interest payments; instead, investors receive the principal amount at maturity. The bond is set to mature on March 8, 2049, representing a long-term investment horizon. Given its zero-coupon nature, the 'payment frequency of 1' refers to the single principal repayment at maturity. |
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