Bond NorthInvest Bank 9.67% ( ES0266390071 ) in EUR

Issuer	NorthInvest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	ES0266390071 ( in EUR )
Interest rate	9.67% per year ( payment 1 time a year)
Maturity	29/12/2021 - Bond has expired
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Minimal amount	15 025 303 EUR
Total amount	60 101 212 EUR
Detailed description	Nordic Investment Bank (NIB) is an international financial institution owned by the eight Nordic and Baltic countries that finances projects in its member countries and selected other areas, focusing on environmental sustainability and competitiveness. The Nordic Investment Bank (NIB) has confirmed the successful redemption of its bond identified by ISIN ES0266390071, which reached its maturity on December 29, 2021. NIB, an international financial institution jointly owned by eight Nordic and Baltic countries including Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden, operates with a mandate to finance projects that improve productivity and benefit the environment across its member states. This particular debt instrument, which was issued from Finland and denominated in Euros (EUR), bore a coupon rate of 9.67% with an annual payment frequency. The total size of this bond offering was 60,101,212 EUR, and the minimum purchase size for investors was set at 15,025,303 EUR. Having reached its scheduled maturity, the bond was repaid at 100% of its market price, confirming its full redemption to bondholders and the completion of its lifecycle as a financial asset.