Bond Bayern Landesbank 0% ( DE000BLB92J6 ) in USD

Issuer	Bayern Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000BLB92J6 ( in USD )
Interest rate	0%
Maturity	16/02/2024 - 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. A recent development in fixed income markets concerns the bond identified by ISIN DE000BLB92J6, issued by Bayerische Landesbank, one of Germany's prominent state-backed commercial banks majority-owned by the Free State of Bavaria and the Bavarian Savings Banks Association, playing a crucial role in providing wholesale banking services, public sector finance, and serving as a central bank for Bavarian savings banks. This particular obligation, issued in Germany and denominated in US Dollars, was characterized by a zero percent interest rate, indicating it functioned as a zero-coupon instrument, which was reflected in its market price of 100% at the time of its final period. With a stipulated maturity date of February 16, 2024, and a noted payment frequency of 2 (typically indicating semi-annual payments, though irrelevant for coupons on this zero-coupon instrument), this bond has successfully reached its maturity and has been fully repaid to bondholders, concluding its lifecycle within the debt market.