Bond DNB Ban ASA 0% ( XS1275834395 ) in EUR

Issuer	DNB Ban ASA
Market price	100 % ⇌
Country	Norway
ISIN code	XS1275834395 ( in EUR )
Interest rate	0%
Maturity	17/08/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 000 EUR
Total amount	650 000 000 EUR
Detailed description	DNB Bank ASA is Norway's largest financial services group, offering a wide range of banking, insurance, and asset management services to individuals and corporations, both domestically and internationally. The bond, identified by ISIN XS1275834395, issued by DNB Bank ASA, Norway's largest financial services group with a significant presence across the Nordic region, has successfully reached its maturity date of August 17, 2020, and has been fully redeemed at its par value of 100%. This particular debt instrument, denominated in Euros, constituted a total issuance volume of 650,000,000, with a minimum subscription amount of 100,000, primarily targeting institutional investors or high-net-worth individuals. Originating from Norway, this bond featured a zero-percent interest rate, implying either a zero-coupon structure where it was issued at a discount to par and redeemed at par, or a specific principal-protected arrangement, with a payment frequency noted as one over its lifespan. The timely repayment of this obligation by DNB Bank ASA underscores the bank's consistent adherence to its financial commitments and solidifies its reputation as a reliable issuer in the international capital markets.