Bond BNG Bank NV 0% ( XS2622097686 ) in USD

Issuer	BNG Bank NV
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS2622097686 ( in USD )
Interest rate	0%
Maturity	10/10/2023 - Bond has expired
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Detailed description	BNG Bank N.V. is a Dutch bank specializing in providing financial services to the public sector, including governments, municipalities, and other public institutions. BNG Bank N.V., a specialized financial institution headquartered in the Netherlands and primarily dedicated to financing public sector entities within the Dutch market, has successfully concluded the lifecycle of one of its U.S. Dollar-denominated zero-coupon bonds. Identified by the ISIN XS2622097686, this particular debt instrument reached its scheduled maturity on October 10, 2023, and was subsequently repaid in full to investors at 100% of its par value. As a zero-coupon bond, it was structured without periodic interest payments, with investor returns realized through its redemption at par, having typically been issued at a discount. BNG Bank N.V. is known for its robust credit profile, owing to its crucial role in supporting Dutch municipalities, public housing associations, and healthcare institutions, enabling it to issue debt in international capital markets to fund these vital public services. The successful and timely repayment of this obligation underscores BNG Bank N.V.'s consistent financial management and its commitment to meeting its obligations to bondholders.