Bond Jydsk Bank 0% ( XS1489817442 ) in DKK

Issuer	Jydsk Bank
Market price	100 % ⇌
Country	Denmark
ISIN code	XS1489817442 ( in DKK )
Interest rate	0%
Maturity	Perpetual
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Minimal amount	2 000 000 DKK
Total amount	500 000 000 DKK
Detailed description	Jyske Bank is a large Danish retail and commercial bank offering a wide range of financial services including lending, investment products, and payment solutions, operating primarily in Denmark and through subsidiaries in other countries. An analysis of the fixed-income market brings into focus a perpetual bond issued by Jyske Bank, identified by ISIN XS1489817442. Jyske Bank, a prominent Danish financial institution, is recognized for its comprehensive range of banking and financial services offered to retail, corporate, and institutional clients across Denmark and internationally. This particular bond, issued from Denmark and denominated in Danish Krone (DKK), is currently quoted at 100% of its par value on the market. A defining characteristic of this instrument is its 0% interest rate, effectively making it a zero-coupon bond, yet the bond specifies an annual payment frequency. The total issue size for this bond is DKK 500,000,000, with a minimum investment threshold set at DKK 2,000,000. Notably, the bond's perpetual maturity implies no scheduled repayment of principal, underscoring its indefinite duration within an investor's portfolio.