Bond NorthInvest Bank 0% ( XS0742414765 ) in USD

Issuer	NorthInvest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	XS0742414765 ( in USD )
Interest rate	0%
Maturity	07/02/2042
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Minimal amount	200 000 USD
Total amount	50 000 000 USD
Detailed description	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 bond issuance by the Nordic Investment Bank (NIB), an international financial institution owned by its eight member countries?Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden?dedicated to financing projects that enhance competitiveness and the environment across the Nordic and Baltic regions, and notably holding an AAA credit rating; identified by ISIN XS0742414765, this bond was issued in Finland, is denominated in USD with a total issue size of 50,000,000 and a minimum purchase lot of 200,000, and is set to mature on February 7, 2042; currently trading at 100% of its face value, this instrument notably features a 0% interest rate, classifying it as a zero-coupon bond which means no periodic interest payments are distributed, despite a listed payment frequency of 2 (semi-annually), thus indicating that investors purchasing at the current market price would not accrue a nominal yield.