Bond Kommerzbank AG 0% ( DE000CZ45X23 ) in EUR

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	DE000CZ45X23 ( in EUR )
Interest rate	0%
Maturity	22/05/2024 - Bond has expired
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Detailed description	Commerzbank AG is a major German bank offering a wide range of financial services including corporate banking, private banking, and asset management, with a significant international presence. A recent financial update concerns the bond identified by ISIN DE000CZ45X23, issued by Commerzbank AG, which has reached its maturity and been fully redeemed. Commerzbank AG is a prominent German financial institution, recognized as one of Germany's largest banks, providing a comprehensive range of banking and financial services to private and corporate clients, as well as institutional investors, thereby playing a significant role in both domestic and international financial markets. This particular bond, denominated in EUR and originating from Germany, was characterized by a 0% interest rate, indicating it was a zero-coupon instrument designed to repay its principal at maturity rather than offering periodic coupon payments. With a maturity date of May 22, 2024, the bond was observed to be trading at 100% of its nominal value on the market at the time of its expiry. Pursuant to its terms, this instrument has successfully completed its lifecycle, having matured and subsequently been redeemed as scheduled.