Bond AZ Bank 1.06% ( DE000DD5AAM5 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AAM5 ( in EUR )
Interest rate	1.06% per year ( payment 1 time a year)
Maturity	30/12/2024 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	25 000 000 EUR
Detailed description	DZ Bank is a German investment bank headquartered in Frankfurt, offering a range of services including corporate banking, investment banking, and asset management. A recently matured bond issued by DZ Bank, a prominent German cooperative central bank, concluded its lifecycle with full redemption on December 30, 2024. DZ Bank AG, headquartered in Frankfurt am Main, serves as the central institution for approximately 700 cooperative banks in Germany, playing a pivotal role in the country's financial landscape by offering a comprehensive suite of banking and capital market services, including corporate banking, real estate financing, and asset management. This particular fixed-income instrument, identified by its ISIN code DE000DD5AAM5, carried a coupon rate of 1.06% and was denominated in Euros, reflecting its origin from Germany. The total issuance amounted to EUR 25,000,000, catering primarily to institutional investors with a minimum lot size of EUR 100,000. Throughout its active period, the bond maintained a market price around 100% of its face value, indicating stable performance until its maturity. Interest payments were scheduled annually, aligning with a common frequency for such debt instruments. Upon reaching its maturity date on December 30, 2024, the bond was successfully redeemed at par, signifying the fulfillment of the issuer's obligations to its bondholders.