Bond Danica Bank 0% ( XS0866912214 ) in NOK

Issuer	Danica Bank
Market price	100 % ⇌
Country	Denmark
ISIN code	XS0866912214 ( in NOK )
Interest rate	0%
Maturity	14/12/2021 - Bond has expired
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Minimal amount	100 000 NOK
Total amount	1 000 000 000 NOK
Detailed description	Danske Bank is a major Scandinavian financial services group offering banking, investment, and insurance services across several countries, primarily in Denmark, but also with significant operations in other Nordic regions and internationally. This financial article details a specific debt instrument, identified by ISIN XS0866912214, which was issued by Danske Bank, a leading financial services provider headquartered in Denmark and one of the largest banks in the Nordic region, offering a wide range of banking services to retail and corporate clients. The bond, denominated in Norwegian Krone (NOK), represented a total issue size of NOK 1,000,000,000 and required a minimum purchase size of NOK 100,000 for investors. Notably, this obligation featured a zero percent interest rate, designating it as a zero-coupon bond, meaning investors did not receive recurring coupon payments but were instead compensated through the difference between the purchase price and the full principal repayment at its maturity. The bond reached its scheduled maturity date on December 14, 2021, at which point its market price stood at 100%, confirming full principal repayment. As confirmed by its issuer, this debt instrument has successfully completed its lifecycle, having matured and been fully repaid as per its terms, removing it from active circulation.