Bond Spb Firstlandet 0% ( NO0010782063 ) in NOK

Issuer	Spb Firstlandet
Market price	100 % ⇌
Country	Norway
ISIN code	NO0010782063 ( in NOK )
Interest rate	0%
Maturity	16/06/2022 - Bond has expired
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Minimal amount	1 000 000 NOK
Total amount	1 200 000 000 NOK
Detailed description	Spb 1 Stlandet is a Norwegian television channel focusing on local news and programming for the Stjørdal and Verdal municipalities in Trøndelag county. The financial instrument identified by ISIN NO0010782063, structured as an obligation, has recently completed its lifecycle, having reached its maturity on June 16, 2022, and subsequently been redeemed. This bond was issued by Spb 1stlandet, a financial institution operating within the Norwegian banking sector, and originated from Norway, its country of issuance. Denominated in Norwegian Krone (NOK), the total issuance size for this bond was 1,200,000,000, with a minimum purchase threshold set at 1,000,000. A distinctive feature of this security was its 0% interest rate, indicating either a zero-coupon structure where the return was embedded in the initial discount, or a fixed-coupon bond with no periodic interest payments. It featured a payment frequency of 1, which for a bond with a 0% interest rate, typically refers to the single principal repayment at maturity. Upon its redemption, the bond was observed at a market price of 100% of its nominal value, signifying its full reimbursement to bondholders and the successful conclusion of the instrument's obligations.