DNB Boligkreditt A.S. is a Norwegian mortgage lending company, a subsidiary of DNB Bank ASA, providing a range of mortgage products to residential and commercial property owners in Norway.
An in-depth review of the financial instrument identified by ISIN XS1996420904 details its full lifecycle, culminating in its recent redemption. The issuer of this particular bond is DNB Boligkreditt A.S, a specialized Norwegian mortgage credit institution. As a wholly-owned subsidiary of DNB Bank ASA, Norway's largest financial services group, DNB Boligkreditt A.S plays a critical role in the Norwegian housing finance sector by issuing covered bonds, a mechanism typically used to fund its mortgage lending activities and renowned for offering enhanced security to investors due to being backed by a portfolio of high-quality mortgage loans. This bond, which originated from Norway, was denominated in Euro (EUR) and carried a coupon interest rate of 1.08%, with interest payments occurring annually. Its original maturity date was established as May 16, 2039. Notably, the bond has successfully reached this maturity date and, aligning with its quoted 100% par value at redemption, has been fully repaid. This successful repayment signifies the complete fulfillment of DNB Boligkreditt A.S's obligations to its bondholders, marking a conclusive end to the investment cycle for this specific debt instrument.
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XS1996420904 ( in EUR )
