Bond Bayern Landesbank 0% ( DE000BLB9277 ) in EUR

Issuer	Bayern Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000BLB9277 ( in EUR )
Interest rate	0%
Maturity	13/05/2024 - Bond has expired
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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 in-depth review of the DE000BLB9277 bond, a debt instrument issued by Bayerische Landesbank which recently reached its maturity, confirms its full repayment on May 13, 2024, thereby concluding its financial lifecycle, with the issuer, Bayerische Landesbank (BayernLB), standing as a significant German state-owned bank headquartered in Munich, forming part of the distinctive Landesbanken group that serves as a cornerstone of the German public-sector banking system by providing extensive financial services to corporations, public entities, and retail clients, with its ownership predominantly held by the Free State of Bavaria and the Bavarian Savings Banks Association, underscoring its public mandate and financial robustness within the German economy; this particular bond, originating from Germany, was denominated in EUR, notably featured a 0% interest rate classifying it as a zero-coupon bond, and while its payment frequency was indicated as 1, its design meant the principal was to be received at maturity, which occurred at a valuation corresponding to 100% of its face value on its scheduled redemption date.