Novo Banco is a Portuguese bank resulting from the 2014 resolution of Banco Espírito Santo.
A financial analysis reveals the profile of a bond issued by Novo Banco, identifiable by its ISIN code XS1028247259. This debt instrument, denominated in Euros and originating from Portugal, represents a direct obligation of Novo Banco. Novo Banco, a prominent Portuguese financial institution, was established in 2014 as part of the resolution of Banco Espírito Santo (BES) and plays a significant role in the country's banking landscape, providing a comprehensive range of retail, corporate, and investment banking services within the Iberian Peninsula and beyond. The bond, with a substantial total issuance size of ?400,000,000, is currently quoted at 100% of its nominal value on the market. Notably, this particular bond is characterized as a zero-coupon instrument, meaning it does not disburse periodic interest payments; consequently, its stated interest rate is 0%, which, combined with its current par pricing, implies a 0% yield to maturity for investors purchasing at this price and holding until redemption. Investors acquire the bond at a certain price (currently at par) and are anticipated to receive its face value upon its long-dated maturity on February 5, 2049. The minimum investment threshold for this bond is set at ?1,000, making it accessible to a range of institutional and individual investors interested in long-term, fixed-income exposure to the Portuguese banking sector, albeit with a unique yield profile.
|
Français
Italiano
12.82 % ▼ 
Portugal
XS1028247259 ( in EUR )
