Bond NorthInvest Bank 0% ( XS1555708228 ) in USD

Issuer	NorthInvest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	XS1555708228 ( in USD )
Interest rate	0%
Maturity	26/01/2047
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Minimal amount	2 000 000 USD
Total amount	30 000 000 USD
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. The Nordic Investment Bank (NIB), an international financial institution jointly owned by the Nordic and Baltic countries with a mandate to finance projects that enhance productivity and environmental benefits across its member states, has issued a distinctive bond, ISIN XS1555708228, originating from Finland and denominated in US Dollars, which is currently trading at par, reflecting its 100% market price; this instrument, part of a total issuance volume of $30,000,000 and available for a minimum purchase of $2,000,000, carries a 0% interest rate and matures on January 26, 2047, thereby functioning as a zero-coupon bond where, notwithstanding a listed payment frequency of two, no periodic interest disbursements are made, with investor returns typically derived from the difference between its purchase price and its par value at redemption.