Bond Nordic Invest Bank 0.02% ( XS0935311836 ) in NOK

Issuer	Nordic Invest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	XS0935311836 ( in NOK )
Interest rate	0.02% per year ( payment 1 time a year)
Maturity	24/05/2018 - Bond has expired
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Minimal amount	10 000 NOK
Total amount	750 000 000 NOK
Detailed description	The 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 countries focusing on environmental sustainability and competitiveness. A specific bond issuance, identified by ISIN code XS0935311836, previously offered by the Nordic Investment Bank, provides a case study in fixed-income asset management; the Nordic Investment Bank (NIB) is an international financial institution jointly owned by eight member countries?Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden?whose core mission is to finance projects that improve the competitiveness and enhance the environment of its member countries, operating on a commercial basis and with a high credit rating which reflects its sound financial standing and the support of its sovereign owners; this particular bond, issued out of Finland, was denominated in Norwegian Krone (NOK), with a total issue size amounting to 750,000,000 NOK, and investors were able to acquire this fixed-income instrument with a minimum purchase size set at 10,000 NOK; the bond featured an interest rate of 0.02%, with interest payments scheduled annually; its stipulated maturity date was May 24, 2018, and at its maturity, the bond was reported to have been valued at 100% of its nominal value, indicating a par redemption, and as confirmed, this obligation has since fully matured and been successfully repaid to its bondholders, concluding its lifecycle within the financial markets.