Bond Nordia Bank Abp 0% ( FR0127902536 ) in GBP

Issuer	Nordia Bank Abp
Market price	100 % ⇌
Country	Finland
ISIN code	FR0127902536 ( in GBP )
Interest rate	0%
Maturity	23/10/2023 - Bond has expired
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Detailed description	Nordea Bank Abp is a Nordic financial services group offering banking, asset management, and insurance services to individuals, businesses, and institutions across Denmark, Finland, Norway, and Sweden. A recent development in the fixed-income market pertains to a specific bond issued by Nordea Bank Abp, which has successfully reached its maturity. Identified by the International Securities Identification Number (ISIN) FR0127902536, this debt instrument was denominated in Great British Pounds (GBP). Notably, it operated as a zero-coupon bond, carrying an interest rate of 0%, indicating that its yield for investors was predicated on the discount at which it was initially acquired, with the full principal value returned upon its expiry. The issuer, Nordea Bank Abp, is a significant Nordic financial services group, headquartered in Finland. As one of the largest financial institutions in the Nordic region, Nordea provides a comprehensive suite of banking, asset management, and insurance services to a wide array of clients including households, corporate entities, and institutional investors across its primary markets and beyond, affirming its substantial presence and operational scale within the European financial sector. The bond's scheduled maturity date was October 23, 2023, and it has since fully matured and been reimbursed, confirming the timely fulfillment of the issuer's obligations to its bondholders.