Nordic Investment Bank (NIB) is an international financial institution owned by the eight Nordic and Baltic countries that finances projects in its member countries and selected other areas, focusing on environmental sustainability and competitiveness.
This financial article details a specific fixed-income instrument: a bond issued by the Nordic Investment Bank (NIB), identified by ISIN US65562QAS49 and CUSIP 65562QAS4. The Nordic Investment Bank (NIB) is an international financial institution, established in 1976, and jointly owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. As a multilateral development bank, NIB's core mission is to finance projects that enhance the competitiveness and environmental sustainability of its member countries, operating with a robust financial standing reflecting the strong backing from its owners. This particular bond, issued from Finland and denominated in US Dollars (USD), featured a coupon rate of 1% and paid interest semi-annually. The total size of this issuance was significant, amounting to 1,250,000,000 USD, with a minimum investment threshold set at 200,000 USD per purchase. A key characteristic of this bond is its current status: it reached its maturity date on July 3, 2017, and has since been fully redeemed and repaid to investors. At the time of its maturity, the bond's market price was noted as 100% of its par value, indicating a full principal repayment. Regarding its credit assessment, this bond was categorized as 'Not Rated' (NR) by both Standard & Poor's (S&P) and Moody's, signifying that these leading credit rating agencies did not provide an official public rating for this specific security.
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US65562QAS49 ( in USD )
