Bond Handelsbanken Sverige 2.875% ( US86960BAB80 ) in USD
| Issuer | Handelsbanken Sverige |
| Market price | 100 % ⇌ |
| Country | Sweden
|
| ISIN code |
US86960BAB80 ( in USD )
|
| Interest rate | 2.875% per year ( payment 2 times a year) |
| Maturity | 04/04/2017 - Bond has expired |
|
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|
| Minimal amount | 250 000 USD |
| Total amount | 1 250 000 000 USD |
| Cusip | 86960BAB8 |
| Standard & Poor's ( S&P ) rating | AA- ( High grade - Investment-grade ) |
| Moody's rating | Aa2 ( High grade - Investment-grade ) |
| Detailed description |
Svenska Handelsbanken is a Swedish multinational banking and financial services corporation headquartered in Stockholm, known for its decentralized organizational structure and focus on relationship banking. A detailed analysis of the matured bond, ISIN US86960BAB80 (CUSIP: 86960BAB8), issued by Svenska Handelsbanken, provides insight into a significant financial instrument that recently completed its lifecycle. Svenska Handelsbanken, a venerable Swedish financial institution established in 1871, stands as one of the largest and most well-regarded banks in the Nordic region. Renowned for its decentralized business model, strong emphasis on local branch autonomy, and a conservative approach to risk management, the bank serves a wide array of private and corporate clients across its operational geographies, consistently demonstrating robust financial performance and stability in the global banking landscape. This specific fixed-income instrument, a U.S. dollar-denominated obligation originating from Sweden, featured an annual coupon rate of 2.875%. Interest payments were structured to occur with a frequency of two times per year, meaning semi-annually, providing a steady income stream to investors. The total principal amount of the issuance reached a substantial $1,250,000,000, making it a significant offering in the debt market. To ensure participation from institutional investors, the minimum investment size for this bond was set at $250,000. The bond's designated maturity date was April 4, 2017. As confirmed, this obligation has successfully reached its maturity and was subsequently redeemed at its par value of 100%, completing its full term and fulfilling all financial obligations to its bondholders as expected. The credit quality of this bond was affirmed by leading independent rating agencies, reflecting Svenska Handelsbanken's strong financial standing. Standard & Poor's (S&P) assigned a rating of AA-, while Moody's provided an Aa2 rating. Both classifications are within the high investment-grade category, signifying a very low risk of default and attesting to the issuer's excellent capacity to meet its financial commitments, thereby providing confidence to investors throughout the bond's existence. |
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