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Bond Norddeutsche Landesbank 0.421% ( DE000BRL8826 ) in EUR

Issuer	Norddeutsche Landesbank
Market price	100 %  ⇌
Country	Germany
ISIN code	DE000BRL8826 ( in EUR )
Interest rate	0.421% per year ( payment 1 time a year)
Maturity	24/05/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	50 000 000 EUR
Detailed description	Norddeutsche Landesbank Girozentrale (NordLB) is a German public-sector bank primarily serving the northern German states, offering a range of commercial and investment banking services. An analysis of a specific debt instrument, identified as a bond with ISIN DE000BRL8826, reveals its key characteristics and historical performance. This bond was issued by Norddeutsche Landesbank -Girozentrale-, commonly known as NORD/LB, a prominent German financial institution. As one of the largest commercial banks in Germany, NORD/LB serves as a universal bank for corporate and private customers, specializing in structured finance for the energy and infrastructure sectors, ship and aircraft finance, and real estate finance, in addition to its crucial role as a central bank for savings banks in Lower Saxony and Saxony-Anhalt, with its operational reach extending beyond Germany. The bond, denominated in Euros (EUR), originated from Germany and had an initial total issue size of 50,000,000 units, with a minimum lot size for investment set at 1,000 units. It featured an annual interest rate of 0.421%, with a payment frequency of once per period, typically annually. The instrument's maturity date was set for May 24, 2022. As of its maturity, the bond was trading at 100% of its face value on the market, indicating a full principal return at the time of expiration. It is important to note that this specific bond has since reached its maturity and has been fully redeemed and repaid to bondholders, concluding its lifecycle as a debt instrument, having fulfilled its obligations and provided the stipulated returns to investors.