Bond NorthInvest Bank 0.375% ( XS1292474282 ) in EUR

Issuer	NorthInvest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	XS1292474282 ( in EUR )
Interest rate	0.375% per year ( payment 1 time a year)
Maturity	18/09/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	500 000 000 EUR
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. An analysis of the bond identified by ISIN XS1292474282, issued by the Nordic Investment Bank (NIB), reveals its specifications and recent lifecycle conclusion. The Nordic Investment Bank (NIB) is an international financial institution jointly owned by eight Nordic and Baltic countries (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden). Its mandate is to finance projects that enhance competitiveness and benefit the environment in its member countries, serving as a multilateral development bank with a strong focus on sustainable growth and economic integration. This specific bond, issued from Finland and denominated in EUR, featured a 0.375% annual coupon rate with payments occurring once per year. The total emission size for this offering was EUR 500,000,000, with a minimum investment threshold set at EUR 1,000. It reached its maturity on September 18, 2022, and consistent with its terms, the bond has been fully redeemed, with its final market price at redemption recorded at 100% of its nominal value, concluding its financial cycle.