KBC Bank is a Belgian multinational banking and insurance group providing a range of financial services including retail banking, insurance, and asset management across Europe and internationally.
A specific bond issuance, identified by its ISIN XS2057075579, has successfully reached its maturity date of November 7, 2022, and has been fully redeemed. The issuer of this fixed-income security was KBC Bank, a prominent universal bank headquartered in Belgium, operating as a leading financial institution across its domestic market and in Central Europe and Ireland, offering a comprehensive suite of banking, insurance, and asset management services. This particular bond, issued from Belgium and denominated in Norwegian Krone (NOK), represented a total issuance size of 5,000,000 NOK, with a minimum purchase requirement of 10,000 NOK for investors. It carried an annual interest rate of 1.75%, providing a steady return to its holders with an annual payment frequency, and was quoted at 100% of its par value upon its final market assessment prior to maturity. The successful redemption of this bond on its specified maturity date signifies KBC Bank's timely fulfillment of its financial obligations to its bondholders, concluding the lifecycle of this debt instrument.
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