Bond Berlino 0% ( DE000A1R06N2 ) in EUR

Issuer	Berlino
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A1R06N2 ( in EUR )
Interest rate	0%
Maturity	13/07/2018 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	100 000 000 EUR
Detailed description	Berlin, Germany's capital, is a vibrant city renowned for its rich history, diverse culture, thriving art scene, and iconic landmarks such as the Brandenburg Gate and the Reichstag Building. A notable entry in the German public debt portfolio, bond ISIN DE000A1R06N2, represents an obligation issued by the City-State of Berlin, a prominent Land (federal state) within the Federal Republic of Germany. As a significant sovereign entity at the sub-national level, Berlin functions as a key financial market participant, leveraging its strong credit standing, derived from its integral role within Germany's robust economic and fiscal framework, to issue debt for its public expenditure requirements. This particular Euro-denominated (EUR) bond, which had a total issue size of EUR 100,000,000 and was available for purchase in minimum lots of EUR 1,000, was characterized by a 0% interest rate, a feature typical of instruments designed for capital preservation or those issued during periods of exceptionally low or negative yield environments. Following its full tenure, this bond reached its scheduled maturity on July 13, 2018, at which point it was successfully redeemed at its par value of 100% to all bondholders, thereby fulfilling its financial commitment and exiting the secondary market.