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ItalianoBond DNB Ban ASA 2.125% ( US23329RAA41 ) in USD
| Issuer | DNB Ban ASA |
| Market price | 100 % ⇌ |
| Country |  Norway
|
| ISIN code |
 US23329RAA41 ( in USD )
|
| Interest rate | 2.125% per year ( payment 2 times a year) |
| Maturity | 02/10/2020 - Bond has expired |
|
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|
| Minimal amount | 200 000 USD |
| Total amount | 1 250 000 000 USD |
| Cusip | 23329RAA4 |
| Standard & Poor's ( S&P ) rating | AA- ( High grade - Investment-grade ) |
| Moody's rating | Aa2 ( High grade - Investment-grade ) |
| 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 US23329RAA41 bond, identifiable also by CUSIP 23329RAA4, reveals its status as a fully matured and redeemed obligation from DNB Bank ASA, a prominent financial institution based in Norway, serving as the country's largest financial services group with a significant presence across corporate and retail banking sectors. This particular USD-denominated bond, issued from Norway, carried a fixed annual interest rate of 2.125% paid semi-annually, reflecting its structure as a conventional fixed-income instrument. The total size of the issuance amounted to 1,250,000,000 USD, with a specified minimum purchase size of 200,000 USD, indicative of its target investor base. Prior to its maturity and subsequent redemption on October 2, 2020, the bond was observed trading at 100% of its face value on the market. Its strong creditworthiness was affirmed by ratings of AA- from Standard & Poor's and Aa2 from Moody's, underpinning its investment-grade quality throughout its lifecycle. |