Bond Hessenland 3.625% ( DE0001381887 ) in EUR

Issuer	Hessenland
Market price	100 % ⇌
Country	Germany
ISIN code	DE0001381887 ( in EUR )
Interest rate	3.625% per year ( payment 1 time a year)
Maturity	25/01/2017 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	875 000 000 EUR
Detailed description	Hesse is a state in central Germany known for its vibrant cities like Frankfurt, its rolling hills, and its significant role in German history and culture. The fixed-income instrument identified by ISIN DE0001381887, a bond issued by the German federal state of Hessen, represented a significant offering within the Eurozone's sub-sovereign debt market. Hessen, one of Germany's economically robust and fiscally disciplined federal states, is recognized for its strong creditworthiness, contributing to the perceived stability and low risk of its debt obligations. This specific bond featured an annual coupon rate of 3.625% and was denominated in Euros (EUR). The total issuance size amounted to EUR 875,000,000, with a minimum investment lot set at EUR 1,000, appealing to a broad spectrum of investors. Originally issued and priced at 100% of its nominal value, the bond reached its scheduled maturity on January 25, 2017, and has since been fully redeemed, with principal repayment made to all bondholders, confirming the successful conclusion of its lifecycle.