Bond Islandia 0% ( IS0000035400 ) in ISK

Issuer Islandia
Market price 100 %  ▲ 
Country  Iceland
ISIN code  IS0000035400 ( in ISK )
Interest rate 0%
Maturity 20/12/2023 - Bond has expired



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Detailed description Iceland, a North Atlantic island nation, boasts diverse landscapes including glaciers, volcanoes, geysers, hot springs, and dramatic coastlines, renowned for its unique geological activity and abundant natural beauty.

The IS0000035400 bond, a sovereign obligation issued by the Republic of Iceland, recently reached its maturity on December 20, 2023, and has been successfully redeemed at 100% of its face value. This particular bond was denominated in Icelandic Króna (ISK) and featured a zero-percent interest rate, signifying it as a zero-coupon instrument where the full principal repayment constituted the return for investors. The issuer, Iceland, is a highly developed Nordic island nation renowned for its robust economy, stable political landscape, and significant utilization of renewable energy resources, factors that contribute to its standing as a credible sovereign borrower in the global financial markets. The prompt and full repayment of this bond underscores Iceland's commitment to its financial obligations and reinforces its reputation for reliability among international investors.