Bond NorthInvest Bank 2.04% ( XS1964621988 ) in HKD

Issuer NorthInvest Bank
Market price 100 %  ⇌ 
Country  Finland
ISIN code  XS1964621988 ( in HKD )
Interest rate 2.04% per year ( payment 1 time a year)
Maturity 19/03/2021 - Bond has expired



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Minimal amount 1 000 000 HKD
Total amount 200 000 000 HKD
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.

This financial analysis details the characteristics and status of a specific debt instrument, the bond identified by ISIN code XS1964621988. Issued from Finland and denominated in Hong Kong Dollars (HKD), this obligation originated from the Nordic Investment Bank (NIB). NIB, a multilateral financial institution headquartered in Helsinki, Finland, serves as the common international financial institution of the Nordic and Baltic countries, namely Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. Its core mission is to finance projects that enhance productivity and benefit the environment in its member countries, encompassing sectors such as energy, environment, transport, logistics, and innovation. The bank raises funds for these lending activities through bond issuances in international capital markets, underscoring its role in regional development and sustainability initiatives. Specifically, this bond, with its 2.04% interest rate, represented a significant issuance with a total size of 200,000,000 HKD. The minimum investment tranche for this particular instrument was set at 1,000,000 HKD, indicating a focus on institutional or high-net-worth investors. Prior to its maturity, the bond's market price was quoted at 100%, reflecting its par value. Interest payments were structured with a frequency of 1, typically signifying annual disbursements. A crucial aspect of this instrument, and its current status, is its maturity date. The bond reached its full maturity on March 19, 2021. As such, the obligation has since been fully repaid to its bondholders and is no longer an active security in the market, having successfully completed its lifecycle as a debt instrument.