Bond NRW Bank 0% ( DE0003271482 ) in EUR

Issuer	NRW Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE0003271482 ( in EUR )
Interest rate	0%
Maturity	15/12/2033
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Minimal amount	1 EUR
Total amount	350 000 000 EUR
Detailed description	NRW.BANK is a German public-sector bank focusing on providing financial services to the state of North Rhine-Westphalia, including public institutions, businesses, and private individuals. The financial markets currently feature a notable debt instrument, identified by its ISIN DE0003271482, which is a bond issued by NRW.BANK, a key public-sector development bank based in Germany, and this particular bond, denominated in Euro (EUR), carries a distinct 0% interest rate, characterizing it as a zero-coupon bond for which the stated payment frequency of 1 primarily refers to the single principal repayment event at its maturity on December 15, 2033; investors do not receive periodic coupon payments but rather realize any return from the difference between the purchase price and the principal amount received at that maturity, and at its current market price of 100% of par, an investor acquiring this bond at this level would effectively yield 0% until maturity, underscoring its role as a principal preservation vehicle rather than an income-generating asset in the prevailing low-yield environment, with a total size of this particular issuance standing at a substantial 350,000,000 EUR and a minimum lot size of 1 unit, facilitating broad market access, while the issuer, NRW.BANK, serves as the state development bank for North Rhine-Westphalia, Germany's most populous federal state, operating under a public mandate to foster economic and social development across various sectors including small and medium-sized enterprises (SMEs), infrastructure, and environmental initiatives, thus typically benefiting from a robust credit profile often associated with its public ownership and connection to a strong German federal state, positioning its debt as a high-grade, quasi-sovereign offering within the Eurozone fixed-income landscape.