Bond Komunalbanken 0% ( XS1381938619 ) in BRL

Issuer	Komunalbanken
Market price	100 % ⇌
Country	Norway
ISIN code	XS1381938619 ( in BRL )
Interest rate	0%
Maturity	12/04/2021 - Bond has expired
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Minimal amount	10 000 BRL
Total amount	260 000 000 BRL
Detailed description	Kommunalbanken is a Norwegian state-owned bank primarily providing financing to municipalities and county councils. A review of a specific fixed-income instrument, identified by its ISIN code XS1381938619, details a bond issued by Kommunalbanken (KBN), a Norwegian state-owned financial institution. Kommunalbanken is mandated to provide financing for local government investments across Norway, benefiting from strong credit ratings largely due to its public ownership and strategic importance to the Norwegian state. This particular bond, issued out of Norway, was denominated in Brazilian Real (BRL) and structured as a zero-coupon instrument, indicated by its 0% interest rate, meaning no periodic coupon payments were made during its term. The total issuance size of this offering amounted to BRL 260,000,000, with a minimum lot size of BRL 10,000 available for investors at the time of issuance. The instrument reached its maturity on April 12, 2021. Upon its maturity, the bond was redeemed at its full principal value, effectively reflecting a market price of 100% at the time of repayment. The stated payment frequency of '1' is consistent with its zero-coupon nature, where the principal repayment constituted the single payment event occurring at maturity. This obligation has fully matured and was successfully redeemed.