Bond KommuneCredit 1.14% ( XS1191831467 ) in USD

Issuer	KommuneCredit
Market price	100 % ⇌
Country	Denmark
ISIN code	XS1191831467 ( in USD )
Interest rate	1.14% per year ( payment 2 times a year)
Maturity	18/02/2018 - Bond has expired
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Minimal amount	200 000 USD
Total amount	100 000 000 USD
Detailed description	KommuneKredit is a Danish municipal loan institution providing financing to Danish municipalities and other public sector entities for various infrastructure and public service projects. A detailed review of the bond market reveals the successful maturity and redemption of the KommuneKredit bond, identified by ISIN XS1191831467. The issuer, KommuneKredit, is a highly-rated Danish financial institution specializing in providing financing to Danish municipalities and regions, thereby supporting the development and maintenance of essential public services and infrastructure across Denmark. Its mandate as a credit institution with a public purpose underscores its integral role within the Danish public financial architecture. This particular obligation, issued from Denmark and denominated in USD, carried a fixed annual interest rate of 1.14% with a payment frequency of two times per year, and reached its maturity date on February 18, 2018. Initially issued with a total size of USD 100,000,000, the bond was structured with a minimum lot size of USD 200,000 to facilitate market participation. Upon its maturity, the bond was fully redeemed at its par value of 100%, confirming the timely fulfillment of the issuer's obligations to its bondholders.