Bond Svedbank 0% ( SE0009145212 ) in SEK

Issuer Svedbank
Market price 100 %  ⇌ 
Country  Sweden
ISIN code  SE0009145212 ( in SEK )
Interest rate 0%
Maturity 28/08/2023 - Bond has expired



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Minimal amount 1 000 SEK
Total amount 6 750 000 SEK
Detailed description Swedbank is a major financial services group with operations primarily in the Baltic Sea region, offering a wide range of banking and financial solutions to individuals and corporates.

A recent development in the Nordic financial markets has seen the complete maturity and redemption of a specific bond issued by Swedbank, one of the leading financial institutions in the region. This particular financial instrument, identified by its International Securities Identification Number (ISIN) SE0009145212, was structured as an obligation, commonly known as a bond, indicating a debt security where the issuer owes the holders a debt and is obliged to pay them interest (or in this case, no interest) and/or to repay the principal at a later date. The issuer, Swedbank, is a prominent banking group headquartered in Sweden, recognized as one of the largest banks in the Nordic and Baltic regions, providing a comprehensive range of financial services to private and corporate customers and underscoring its role as a key player in the European financial landscape. Originating from Sweden, the bond was denominated in Swedish Krona (SEK), the official currency of the Kingdom of Sweden, with a total issuance size amounting to 6,750,000 units, signifying a substantial offering within the debt capital markets; for investors, the minimum acquisition size was set at 1,000 units. A distinctive characteristic of this bond was its zero-coupon interest rate, explicitly stated as 0%, implying that the bond did not generate periodic interest payments for its holders throughout its term, but rather typically was issued at a discount to its face value, with the investor's return realized through the difference between the discounted purchase price and the full face value repaid at maturity; at the point of market observation prior to its maturity, the bond was quoted at 100% of its nominal value, which is standard for a bond nearing or at its redemption date, reflecting the expectation of repayment at par. The bond's lifecycle concluded on its specified maturity date, August 28, 2023, and on this date, the principal amount of the bond was fully repaid to the bondholders, completing the issuer's obligation, with the listed payment frequency of '1' in the context of a zero-coupon bond generally referring to the single principal repayment event at maturity, rather than recurring interest payments, thus confirming that this bond has indeed matured and been redeemed.