Bond Nordia Bank Abp 3.75% ( US65557DAY76 ) in USD
Issuer | Nordia Bank Abp |
Market price | 99.966 % ▼ |
Country | ![]() |
ISIN code |
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Interest rate | 3.75% per year ( payment 2 times a year) |
Maturity | 30/08/2023 - Bond has expired |
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Minimal amount | 200 000 USD |
Total amount | 750 000 000 USD |
Cusip | 65557DAY7 |
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. This report details the characteristics and lifecycle of a recently matured bond issued by Nordea Bank Abp, identified by ISIN US65557DAY76 and CUSIP 65557DAY7. Nordea Bank Abp, a leading financial services group based in Helsinki, Finland, holds a significant position as one of the largest banks across the Nordic region, providing extensive banking, asset management, and insurance services to millions of customers. The bond in question was a US Dollar-denominated obligation, part of a substantial issue totaling $750,000,000, with a minimum investment threshold of $200,000 per lot. It offered a fixed annual interest rate of 3.75%, with interest payments distributed semi-annually to bondholders. Prior to its maturity date, the bond was observed trading on the secondary market at a price point of 99.966% of its par value. The instrument reached its scheduled maturity on August 30, 2023, and has since been fully redeemed by Nordea Bank Abp, concluding its term as a debt instrument in the market. |