Bond Nordic Invest Bank 0.34% ( XS2404976461 ) in EUR

Issuer	Nordic Invest Bank
Market price	100 % ⇌
Country	Finland
ISIN code	XS2404976461 ( in EUR )
Interest rate	0.34% per year ( payment 1 time a year)
Maturity	11/11/2031 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	18 000 000 EUR
Detailed description	The 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 countries focusing on environmental sustainability and competitiveness. This fixed-income instrument, identified by ISIN XS2404976461, was a bond issued by the Nordic Investment Bank (NIB), an international financial institution jointly owned by eight Nordic and Baltic countries?Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden?whose mandate is to finance projects that enhance productivity and benefit the environment in its member countries, and which typically holds a strong credit rating, often AAA/Aaa, underpinned by the collective strength of its sovereign owners. Denominated in EUR, the bond was issued from Finland with an original total issuance size of ?18,000,000 and was structured with a minimum purchase requirement of ?100,000, indicating its targeting of institutional investors; it carried an annual interest rate of 0.34% with an annual coupon payment frequency. Upon its scheduled maturity on November 11, 2031, the bond was fully redeemed at 100% of its principal value, confirming the successful repayment of capital to investors as per its terms.