Bond SpareBank I SMN 0% ( NO0010730195 ) in NOK

Issuer SpareBank I SMN
Market price 100 %  ⇌ 
Country  Norway
ISIN code  NO0010730195 ( in NOK )
Interest rate 0%
Maturity 04/05/2020 - Bond has expired



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Minimal amount 1 000 000 NOK
Total amount 300 000 000 NOK
Detailed description SpareBank 1 SMN is a regional Norwegian bank and a member of the SpareBank 1 Alliance, primarily serving individuals and businesses in Central Norway, and listed on the Oslo Stock Exchange.

**Analysis of SpareBank 1 SMN's Matured Bond (ISIN: NO0010730195)** This report provides an in-depth review of a specific bond issued by SpareBank 1 SMN, identified by ISIN NO0010730195, which has successfully reached its maturity and been fully repaid. SpareBank 1 SMN, the issuer of this bond, stands as a prominent financial institution based in Trondheim, Norway. As a key constituent of the SpareBank 1 Alliance, one of Norway's largest and most significant financial services constellations, SpareBank 1 SMN plays a crucial role in the economic landscape. The bank delivers a comprehensive array of banking, financing, and advisory services to a diverse clientele including private individuals, corporate entities, and public sector organizations across its extensive operational region, solidifying its position as a fundamental pillar of the Norwegian banking sector. The debt security in focus, originally issued in Norway, had a total issuance size amounting to 300,000,000 Norwegian Krone (NOK). The minimum lot size for investor participation was set at 1,000,000 NOK. Key financial characteristics of this instrument included a stated interest rate of 0% and a payment frequency denoted as 1, implying a single principal payment upon maturity rather than periodic interest distributions. Its current market price, reported at 100%, signifies the par value at which the bond was ultimately redeemed, confirming full principal repayment to its holders. The bond's scheduled maturity date was May 4, 2020. On this date, the obligation was successfully fulfilled, with the bond being entirely redeemed and repaid. This completion marks the orderly conclusion of the debt instrument's life cycle, reflecting the issuer's commitment to fulfilling its financial obligations in a timely and complete manner.