Bond Neo Banco 8% ( PTBEROOM0030 ) in USD

Issuer	Neo Banco
Market price	100 % ⇌
Country	Portugal
ISIN code	PTBEROOM0030 ( in USD )
Interest rate	8% per year ( payment 2 times a year)
Maturity	Perpetual
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Minimal amount	1 000 USD
Total amount	6 788 000 USD
Next Coupon	15/09/2025 ( In 44 days )
Detailed description	Novo Banco is a Portuguese bank resulting from the 2014 resolution of Banco Espírito Santo. A perpetual bond issued by Novo Banco, a prominent Portuguese financial institution established in 2014 to manage the healthy assets of the former Banco Espírito Santo (BES) and playing a significant role in the national banking sector by offering a comprehensive suite of retail, corporate, and investment banking services, is identified by the ISIN PTBEROOM0030 and originates from Portugal, the country of issuance, representing a USD-denominated fixed-income instrument currently trading at 100% of its nominal value, featuring an attractive annual coupon rate of 8% with interest payments disbursed semi-annually, where the total size of this particular issuance stands at USD 6,788,000 with a minimum purchase lot of USD 1,000, and critically, its perpetual nature signifies that the bond has no fixed maturity date, implying that the principal is not scheduled for repayment and investors receive interest payments indefinitely unless the bond is called or otherwise terminated.