Zero Cupon Corporate Bonds - Face Value 10,000,000 ISK
Bonds can be purchased by accepting the non-competitive price, which is determined using previous bond offers.  Non-competitive offers are first come first served and up to 100% of the bond will be sold to non-competitive bidders.  If you are interested in offering a non-competitive bid, please send ISK to Block Ukx within 24 hrs or your bid will be removed.
Call Provision: BSAC retains the right to retire the debt, fully or partially, before the scheduled maturity date. 
Zero coupon bonds are bonds that do not pay interest during the life of the bonds. Instead, investors buy zero coupon bonds at a discount from their face value, which is the amount a bond will be worth when it "matures" or comes due. When a zero coupon bond matures, the investor will receive one lump sum equal to the initial investment plus interest that has accrued.