Bond RealCredit Danmark 0% ( DK0009279028 ) in EUR

Issuer	RealCredit Danmark
Market price	100 % ⇌
Country	Denmark
ISIN code	DK0009279028 ( in EUR )
Interest rate	0%
Maturity	01/10/2039
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Minimal amount	1 EUR
Total amount	2 698 230 EUR
Detailed description	Realkredit Danmark is a large Danish mortgage credit institution offering a wide range of mortgage products and services to both private and institutional clients, specializing in the Danish mortgage market. A specific fixed-income instrument, identified by the ISIN DK0009279028, is currently available in the market, issued by Realkredit Danmark, a prominent Danish mortgage credit institution. As a key subsidiary of Danske Bank, one of the largest financial groups in the Nordic region, Realkredit Danmark specializes in the issuance of covered bonds and other debt instruments, playing a vital role in financing real estate within Denmark's highly regulated and stable mortgage market. Originating from Denmark and denominated in Euros (EUR), this bond broadens its appeal to an international investor base. A notable feature of this instrument is its 0% interest rate, designating it as a zero-coupon bond, which means investors do not receive periodic interest payments; instead, the return is typically derived from the difference between a discounted purchase price and its face value at maturity. Currently trading at 100% of its nominal value, its yield to maturity for new investors would thus be 0% if held until expiry, indicating a focus on principal preservation over a specific horizon rather than recurring income. The total issuance size of this bond amounts to EUR 2,698,230, indicating a relatively specific offering, with a minimal lot size for acquisition set at 1 unit, making it accessible to a wide range of investors. This bond carries a long-term maturity date of October 1, 2039, offering an investment horizon extending for nearly two decades, and its specified payment frequency of 1 reiterates that the sole 'payment' event is the principal redemption at maturity, consistent with its zero-coupon structure.