Bond Nordia Bank Abp 0% ( XS1632912587 ) in SEK

Issuer	Nordia Bank Abp
Market price	100 % ⇌
Country	Finland
ISIN code	XS1632912587 ( in SEK )
Interest rate	0%
Maturity	16/06/2020 - Bond has expired
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Minimal amount	1 000 000 SEK
Total amount	750 000 000 SEK
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. A financial instrument identified by the ISIN code XS1632912587, a bond issued by Nordea Bank Abp, has recently concluded its lifecycle, having matured and been fully reimbursed to investors. This debt security, originating from Finland and denominated in Swedish Kronor (SEK), was part of a total issuance valued at SEK 750,000,000, with a minimum subscription amount of SEK 1,000,000. Notably, the bond carried a 0% interest rate, suggesting it was a zero-coupon instrument, and was redeemed at 100% of its par value upon its maturity on June 16, 2020. While a payment frequency of "1" was specified, for a zero-coupon bond, this refers to the single principal repayment occurring at maturity. Nordea Bank Abp, the issuing entity, is a prominent Nordic financial services group headquartered in Helsinki, Finland, and ranks among the largest banks in the Nordic region, providing a wide array of banking services encompassing corporate and institutional banking, retail banking, wealth management, and insurance, operating extensively across the Nordic and Baltic countries and maintaining a significant standing within the broader European financial sector.