Bond Auckland City Council 2.0775% ( XS1514161956 ) in NOK

Issuer	Auckland City Council
Market price	100 % ⇌
Country	New Zealand
ISIN code	XS1514161956 ( in NOK )
Interest rate	2.0775% per year ( payment 1 time a year)
Maturity	28/11/2031
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	2 000 000 NOK
Total amount	1 000 000 000 NOK
Next Coupon	28/11/2025 ( In 71 days )
Detailed description	Auckland Council is the local government authority for the Auckland region of New Zealand, responsible for providing a wide range of services including transport, waste management, parks and recreation, and urban planning. The financial markets present a notable debt instrument, identified by its ISIN XS1514161956, categorized as a conventional bond. This security originates from the Auckland Council, a key municipal authority located in New Zealand, responsible for the extensive governance, urban development, and provision of essential public services across Auckland, the nation's largest metropolitan area. As a stable governmental entity, the Council's bond issuances are pivotal for financing its significant infrastructure projects and long-term strategic initiatives. This particular bond, issued from New Zealand and denominated in Norwegian Krone (NOK), is currently observed trading at 100% of its par value, indicating a market price aligned with its face value. It features a fixed annual interest rate, or coupon, of 2.0775%, disbursed to bondholders with a frequency of 1, implying annual payments. The total scale of this issuance is substantial, amounting to 1,000,000,000 NOK, while the minimum purchase size for participation is set at 2,000,000 NOK, positioning this instrument primarily for institutional investors or high-net-worth individuals. The bond reaches its maturity on November 28, 2031, at which point the principal repayment is due to investors, concluding a defined investment horizon.