Bond Spb Boligkreditt AS 0% ( NO0010767643 ) in NOK

Issuer	Spb Boligkreditt AS
Market price	100 % ⇌
Country	Norway
ISIN code	NO0010767643 ( in NOK )
Interest rate	0%
Maturity	Perpetual
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Minimal amount	100 000 NOK
Total amount	250 000 000 NOK
Detailed description	Spb 1 Boligkredi AS is a Norwegian mortgage lender specializing in providing financing for residential properties. The Norwegian financial market has seen the issuance of a distinctive debt instrument, identified by ISIN NO0010767643, originating from Spb 1 Boligkredi AS. This bond, issued from Norway and denominated in Norwegian Krone (NOK), is currently trading at 100% of its face value. Spb 1 Boligkredi AS is a leading Norwegian mortgage credit institution, specializing in the provision of residential mortgage loans, and operates as a crucial part of the SpareBank 1 Alliance, one of Norway's largest financial groups, renowned for its strong regional presence and commitment to financing housing and local communities. A particularly noteworthy characteristic of this bond is its zero-coupon structure, meaning it offers a 0% interest rate, combined with a perpetual maturity, indicating that there is no fixed repayment date for the principal amount. This instrument, with a total issue size of 250,000,000 NOK, requires a minimum acquisition size of 100,000 NOK. Despite a listed annual payment frequency, the absence of an interest rate implies no periodic coupon disbursements to investors, making it an unconventional instrument where the investor's capital effectively represents a permanent, non-interest-bearing contribution to the issuer's funding.