Bond DNB Ban ASA 0% ( NO0010631096 ) in NOK

Issuer	DNB Ban ASA
Market price	100 % ⇌
Country	Norway
ISIN code	NO0010631096 ( in NOK )
Interest rate	0%
Maturity	08/12/2016 - Bond has expired
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Minimal amount	500 000 NOK
Total amount	1 000 000 000 NOK
Detailed description	DNB Bank ASA is Norway's largest financial services group, offering a wide range of banking, insurance, and asset management services to individuals and corporations, both domestically and internationally. An analysis of the fixed-income market reveals details concerning the bond identified by ISIN NO0010631096, an instrument issued by DNB Bank ASA, a leading financial services group based in Norway, which holds a significant position in the Nordic market, offering a comprehensive range of banking, asset management, and insurance services. This specific bond was issued in Norway and denominated in Norwegian Krone (NOK), representing a total issuance size of 1,000,000,000 NOK, with a minimum investment threshold set at 500,000 NOK per purchase. Notably, the bond featured a 0% interest rate, indicating it was structured as a zero-coupon instrument, and specified a payment frequency of 1, which for such a bond typically referred to the single principal repayment at maturity. Although its historical market price was quoted at 100%, reflective of its face value at redemption, it is crucial to note that this bond reached its full maturity on December 8, 2016, and has since been completely redeemed by DNB Bank ASA, concluding its life cycle within the financial markets.