Bond OP Corporate Banking 0% ( FI4000064423 ) in EUR

Issuer	OP Corporate Banking
Market price	100 % ⇌
Country	Finland
ISIN code	FI4000064423 ( in EUR )
Interest rate	0%
Maturity	23/08/2019 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	3 274 000 EUR
Detailed description	OP Corporate Bank is a Finnish bank offering financial services to corporate and institutional clients, including lending, financing, and treasury management solutions. An analysis of bond ISIN FI4000064423 reveals key details about this specific financial instrument issued by OP Corporate Bank, a prominent financial institution serving as the central credit institution for the OP Financial Group, Finland's largest financial services group known for its comprehensive banking, insurance, and asset management services. This particular bond, denominated in EUR, originated from Finland with a total issuance size of 3,274,000 EUR, established with a minimum purchase size of 1,000 EUR for investors. Notably, the instrument featured a 0% interest rate, indicating it functioned as a zero-coupon bond or a similar structure designed to pay no periodic interest, with its return derived from the difference between the purchase price and its face value at maturity. While a payment frequency of 1 was indicated, in the context of a 0% interest rate, this primarily referred to the single principal repayment at maturity. The bond officially reached its maturity date on August 23, 2019, at which point it was redeemed at 100% of its face value, reflecting its final market price upon redemption, confirming that the obligation has been fully settled and reimbursed to its holders.