Bond Nederlandse Gemeentebank 3.715% ( XS1842715242 ) in NZD

Issuer	Nederlandse Gemeentebank
Market price	100 % ⇌
Country	Netherlands
ISIN code	XS1842715242 ( in NZD )
Interest rate	3.715% per year ( payment 1 time a year)
Maturity	22/12/2028
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Minimal amount	200 000 NZD
Total amount	58 000 000 NZD
Next Coupon	22/12/2026 ( In 316 days )
Detailed description	Bank Nederlandse Gemeenten (BNG Bank) is a Dutch bank specializing in financing municipalities and other public sector entities. An overview of a fixed-income instrument issued by Bank Nederlandse Gemeenten (BNG) reveals details for potential investors. This specific bond, identified by ISIN code XS1842715242, is a product of the Netherlands-based financial institution. Bank Nederlandse Gemeenten is a prominent public sector bank in the Netherlands, primarily focused on providing financing to Dutch municipalities, housing associations, and other public institutions, often benefiting from strong credit ratings due to its close ties with the Dutch public sector and its implicit government backing. The bond, denominated in New Zealand Dollars (NZD), currently trades at a market price of 100% of its par value. It offers an annual interest rate of 3.715% with an annual payment frequency, aligning with its single payment frequency notation. The total size of this particular issue amounts to 58,000,000 NZD, with a minimum lot size for investment set at 200,000 NZD. The maturity date for this instrument is scheduled for December 22, 2028, positioning it as a medium-term investment within the fixed-income market.