Bond Sbabank 0% ( XS0259219920 ) in SEK

Issuer	Sbabank
Market price	100 % ⇌
Country	Sweden
ISIN code	XS0259219920 ( in SEK )
Interest rate	0%
Maturity	Perpetual
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Minimal amount	500 000 SEK
Total amount	300 000 000 SEK
Detailed description	SBAB Bank is a Swedish bank offering mortgages, savings accounts, and other financial services primarily to Swedish residents, known for its digital-first approach and competitive interest rates. A detailed analysis of the fixed-income market reveals the availability of a distinctive bond, identified by ISIN XS0259219920, issued by SBAB Bank, a prominent Swedish state-owned financial institution specializing in mortgage lending and real estate financing, whose strategic role in the Swedish economy is underpinned by its complete government ownership, with this particular instrument originating from Sweden and currently quoted at 100% of its nominal value in Swedish Kronor (SEK), uniquely structured as a perpetual bond, signifying an absence of a specified maturity date, and featuring a 0% interest rate, classifying it as a zero-coupon instrument, with its total issuance volume amounting to 300,000,000 SEK and a minimum purchase increment set at 500,000 SEK, rendering the concept of a regular payment frequency inapplicable given its zero-coupon and perpetual characteristics.