Bond Bundesregierung 0% ( DE000BU0E048 ) in EUR

Issuer	Bundesregierung
Market price	100 % ⇌
Country	Germany
ISIN code	DE000BU0E048 ( in EUR )
Interest rate	0%
Maturity	17/04/2024 - Bond has expired
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Minimal amount	1 EUR
Total amount	9 000 000 000 EUR
Detailed description	The German federal government, headed by the Chancellor and composed of various ministries, is responsible for areas like foreign policy, defense, and national economic policy, while significant powers remain with the sixteen state governments. The Federal Republic of Germany's zero-coupon bond (ISIN: DE000BU0E048) has successfully matured and been fully redeemed on April 17, 2024, concluding its lifecycle as a key sovereign debt instrument. Issued by the central government of Germany, a globally recognized and highly creditworthy issuer, this bond represented a total issuance volume of EUR 9 billion, denominated in EUR. As a zero-coupon security, it featured a 0% interest rate, meaning investors purchased it at a discount and received repayment of the full face value at maturity, with no periodic interest payments throughout its duration; the reported market price of 100% at the time of redemption confirms its repayment at par. With a minimum purchase size of 1 unit, this bond?s completion underscores the reliability and stability associated with obligations from the Federal Republic of Germany.