The National Bank of Canada is a major Canadian bank offering a wide range of financial services including personal and commercial banking, wealth management, and financial markets.
A significant financial instrument recently observed in the market is a bond issued by the National Bank of Canada, identifiable by its ISIN code XS2399985006. The National Bank of Canada, headquartered in Montreal, stands as one of Canada's leading integrated financial groups with a history spanning over 160 years, offering a comprehensive array of financial services to individuals, businesses, and public institutions both domestically and internationally, solidifying its established presence and stability within the North American banking sector. This specific bond, originating from Canada, is currently trading at 100% of its par value and is denominated in U.S. Dollars. Notably, it is structured as a zero-coupon bond, signifying a 0% interest rate where investors receive no periodic coupon payments; instead, their return is derived solely from the difference between the purchase price and the face value received at its long-dated maturity on October 28, 2061. The total issuance size for this offering amounts to USD 100,000,000, with a minimum purchase threshold set at USD 250,000, indicating its targeting towards institutional or sophisticated investors.
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100.00 % ⇌ 
Canada
XS2399985006 ( in USD )
