Bond Danica Bank 0% ( XS0908786030 ) in NOK

Issuer	Danica Bank
Market price	100 % ⇌
Country	Denmark
ISIN code	XS0908786030 ( in NOK )
Interest rate	0%
Maturity	22/03/2017 - Bond has expired
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Minimal amount	1 000 000 NOK
Total amount	500 000 000 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. A specific fixed-income instrument, identified by the ISIN XS0908786030, issued by Danske Bank, has successfully reached its maturity and been fully repaid. Danske Bank, a prominent financial institution headquartered in Denmark, operates as one of the largest banks in the Nordic region, with diverse operations encompassing retail banking, corporate banking, and capital markets activities, serving a broad client base across multiple countries. The bank's consistent presence in debt markets underscores its funding strategies and broader financial operations. This particular bond, originating from Denmark, was denominated in Norwegian Krone (NOK) and had a total issuance size of 500,000,000 NOK. It featured a zero-coupon structure, indicating an interest rate of 0%, with its valuation at market price concluding at 100% upon its maturity date of March 22, 2017. The bond was structured with an annual payment frequency, although the zero-coupon nature implies the return was derived from its issuance price relative to its par value at redemption. Investors were able to acquire this instrument in minimum lot sizes of 1,000,000 NOK. The successful repayment on its scheduled maturity date of March 22, 2017, confirms that the bond, identified as XS0908786030, has completed its lifecycle as a fully redeemed financial obligation of Danske Bank, aligning with its final market price at par.