Bond Komunalbanken 8.45% ( XS1689206107 ) in JPY

Issuer	Komunalbanken
Market price	100 % ⇌
Country	Norway
ISIN code	XS1689206107 ( in JPY )
Interest rate	8.45% per year ( payment 1 time a year)
Maturity	21/09/2022 - Bond has expired
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Minimal amount	1 000 000 JPY
Total amount	22 952 000 000 JPY
Detailed description	Kommunalbanken is a Norwegian state-owned bank primarily providing financing to municipalities and county councils. An informative overview of a specific fixed-income instrument details its full lifecycle and redemption. The bond, identified by ISIN code XS1689206107, was issued by Kommunalbanken (KBN), the Norwegian state-owned financial institution whose primary mission is to provide long-term funding to the Norwegian local government sector, thereby playing a crucial role in public infrastructure development and service provision within Norway. This particular issue, originating from Norway and denominated in Japanese Yen (JPY), featured an attractive annual interest rate of 8.45% and constituted a total issuance size of JPY 22,952,000,000. Investors were able to acquire this bond in minimum increments of JPY 1,000,000. The instrument reached its scheduled maturity date on September 21, 2022, and has since been fully redeemed, with its principal repaid at 100% of its face value, concluding its investment cycle.