Bond Nordia Bank Abp 0.175% ( XS2050536890 ) in SEK

Issuer	Nordia Bank Abp
Market price	100 % ⇌
Country	Finland
ISIN code	XS2050536890 ( in SEK )
Interest rate	0.175% per year ( payment 1 time a year)
Maturity	05/09/2022 - Bond has expired
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Minimal amount	2 000 000 SEK
Total amount	4 000 000 000 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. Nordea Bank Abp, a prominent Nordic financial services group headquartered in Finland, has successfully redeemed one of its debt instruments, bond ISIN XS2050536890. This particular bond, denominated in Swedish Krona (SEK), reached its scheduled maturity on September 5, 2022, and has since been fully repaid to its holders. The bond carried an annual coupon rate of 0.175% and was part of a total issuance valued at SEK 4,000,000,000. With a minimum purchase size set at SEK 2,000,000, the instrument was primarily structured for institutional investors. Issued from Finland, the bond maintained its market price at 100% leading up to its maturity. The successful redemption at par signifies the orderly conclusion of this financial obligation for Nordea Bank Abp, ensuring the return of principal to all bondholders.