Bond DNB Ban ASA 1.375% ( XS2416968399 ) in GBP

Issuer	DNB Ban ASA
Market price	100 % ▲
Country	Norway
ISIN code	XS2416968399 ( in GBP )
Interest rate	1.375% per year ( payment 1 time a year)
Maturity	01/12/2025
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Minimal amount	100 000 GBP
Total amount	500 000 000 GBP
Next Coupon	02/12/2025 ( In 137 days )
Detailed description	DNB Bank ASA is Norway's largest financial services group, offering a wide range of banking, insurance, and asset management services to individuals and corporations, both domestically and internationally. A noteworthy fixed-income instrument currently available in the market is the bond identified by ISIN XS2416968399. This particular debt security has been issued by DNB Bank ASA, a prominent financial institution based in Norway, and is denominated in Great British Pounds (GBP). DNB Bank ASA, the issuer of this bond, stands as Norway's largest financial services group, with a significant presence across various banking segments including retail, corporate, and investment banking. Headquartered in Oslo, the bank operates domestically and internationally, serving a broad client base and playing a crucial role in the Norwegian economy. Its operations encompass a wide range of financial products and services, from traditional lending and deposits to capital markets activities and asset management. As a major player in the Nordic financial landscape, DNB Bank ASA's issuances are often closely monitored by institutional and individual investors seeking exposure to established and well-capitalized financial entities. This specific bond, carrying the ISIN XS2416968399, offers an annual interest rate of 1.375%. The bond is structured to mature on December 1, 2025, providing investors with a defined timeframe for their capital commitment. The total size of this particular issuance is substantial, amounting to 500,000,000 GBP, reflecting the scale of the issuer's funding requirements. Currently, the bond is trading at its par value, with a market price of 100%, indicating that it is priced at its nominal value. For potential investors, the minimum purchase size for this offering has been set at 100,000 GBP, making it primarily accessible to institutional investors or high-net-worth individuals. The interest payments are scheduled with a frequency of once per year, ensuring regular income distribution to bondholders.