Bond Sbabank 0% ( XS1664220941 ) in EUR

Issuer	Sbabank
Market price	100 % ⇌
Country	Sweden
ISIN code	XS1664220941 ( in EUR )
Interest rate	0%
Maturity	15/08/2019 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	250 000 000 EUR
Detailed description	SBAB Bank is a Swedish bank offering mortgages, savings accounts, and other financial services primarily to Swedish residents, known for its digital-first approach and competitive interest rates. An analysis of the now-matured debt instrument issued by SBAB Bank reveals key specifics of its structure and resolution. SBAB Bank AB (publ), the issuer, is a prominent Swedish state-owned financial institution primarily focused on mortgages and savings, holding a robust and stable financial standing. The bond, identified by ISIN XS1664220941, was a Euro-denominated instrument originating from Sweden, with a total issuance volume of EUR 250,000,000 and a minimum purchase size set at EUR 100,000. A distinctive characteristic of this bond was its 0% interest rate, implying it was likely structured as a zero-coupon bond or a short-term note designed for principal repayment at par. With a maturity date of August 15, 2019, the instrument has fully completed its term; it was redeemed at 100% of its face value on the maturity date and has since been fully reimbursed to bondholders, thereby concluding its financial lifecycle.