Bond Hessenland 0% ( DE000A1RQCW6 ) in EUR

Issuer	Hessenland
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A1RQCW6 ( in EUR )
Interest rate	0%
Maturity	11/04/2018 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	100 000 000 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. This financial article provides a retrospective analysis of the bond issued by Hessen, identifiable by ISIN DE000A1RQCW6. The issuer, Hessen, is one of Germany's sixteen federal states (Länder), a financially robust sub-sovereign entity known for its significant economic contributions, particularly as home to Frankfurt, a major European financial hub. As a German state, its obligations are backed by the financial strength of the federal system, generally conferring a high credit standing. This particular fixed-income instrument, denominated in Euros (EUR) and originating from Germany, was characterized by a 0% interest rate, indicating it was likely a zero-coupon bond or an instrument whose interest phase had concluded prior to its final redemption. The total issuance size for this bond was EUR 100,000,000, with a minimum purchase lot set at EUR 1,000. Crucially, this bond reached its scheduled maturity date on April 11, 2018. At maturity, the bond was fully redeemed at 100% of its principal value, indicating a successful and timely repayment to bondholders and marking the completion of its life cycle within the capital markets, with all obligations having been met.