Bond DNB Ban ASA 0% ( XS1952816707 ) in USD

Issuer DNB Ban ASA
Market price 100 %  ⇌ 
Country  Norway
ISIN code  XS1952816707 ( in USD )
Interest rate 0%
Maturity 19/02/2024 - Bond has expired



Prospectus brochure of the bond DNB Bank ASA XS1952816707 in USD 0%, expired


Minimal amount 1 000 000 USD
Total amount 20 000 000 USD
Detailed description DNB Bank ASA is Norway's largest financial services group, offering a wide range of banking, insurance, and asset management services to individuals and corporations, both domestically and internationally.

An analysis of the recently matured fixed-income instrument, identified by ISIN XS1952816707, details a bond issued by DNB Bank ASA, a prominent financial institution headquartered in Norway and recognized as the country's largest financial services group. This specific U.S. Dollar-denominated bond, launched with a total issuance size of $20,000,000 and available in minimum lot sizes of $1,000,000, was structured as a zero-coupon instrument, as evidenced by its 0% interest rate, meaning investors would have purchased it at a discount and anticipated receiving its full face value upon maturity. The bond, which originated from Norway, fulfilled its stipulated maturity date of February 19, 2024, and has since been fully redeemed at its 100% par value, thereby confirming the principal repayment to its holders in accordance with its original terms, despite the inclusion of a bi-annual payment frequency, which typically applies to coupon-bearing obligations.