Bond Bayern Landesbank 0.28% ( DE000BLB7TU4 ) in EUR

Issuer	Bayern Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000BLB7TU4 ( in EUR )
Interest rate	0.28% per year ( payment 1 time a year)
Maturity	05/06/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	50 000 000 EUR
Detailed description	Bayerische Landesbank (BayernLB) is a German public-sector bank operating primarily in Bavaria, providing a wide range of financial services to corporate and public clients, including financing, investment banking, and asset management. An insightful review of a recently matured debt instrument reveals its successful lifecycle, identified by ISIN DE000BLB7TU4 and issued by the Bayerische Landesbank. The issuer, Bayerische Landesbank (BayernLB), stands as a prominent German state-owned commercial bank headquartered in Munich, serving as the central clearing bank for Bavarian savings banks and operating extensively in corporate finance, real estate finance, and capital markets, reflecting its significant role within the German and broader European financial landscape. This particular fixed-income security, structured as an obligation, was denominated in Euros (EUR) and featured a coupon rate of 0.28%. The total issuance size for this bond amounted to EUR 50,000,000, demonstrating a substantial capital raise for the issuer, and it was issued from Germany. Individual investors or institutions could participate with a minimum purchase lot of EUR 1,000. Interest payments were scheduled annually, indicating a frequency of one payment per year. At its maturity on June 5, 2023, the bond was trading at 100% of its face value on the market, signifying its redemption at par. Consistent with its terms, this obligation has successfully reached its maturity date and has been fully redeemed, returning principal to its bondholders.