Bond AZ Bank 0% ( DE000DD5AB47 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AB47 ( in EUR )
Interest rate	0%
Maturity	23/06/2023 - 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. An analysis of a specific debt instrument, identified by its ISIN DE000DD5AB47, reveals a bond issued by DZ Bank, a prominent German financial institution. As the central institution for over 700 cooperative banks in Germany, DZ Bank plays a pivotal role in the nation's banking landscape, offering a comprehensive range of wholesale banking, asset management, and capital market services to its member institutions, solidifying its position as a key player in the European financial sector. This particular bond, denominated in EUR and issued from Germany, represented a total issuance size of EUR 25,000,000, with a minimum acquisition threshold set at EUR 100,000 per unit. A distinctive characteristic of this instrument was its 0% coupon rate, designating it as a zero-coupon bond, which means no periodic interest payments were made, with investors' returns typically derived from the difference between the purchase price and its face value at redemption. The bond reached its scheduled maturity on June 23, 2023. Upon its maturity date, the bond was fully redeemed at 100% of its face value, reflecting the successful return of principal to investors upon the completion of its term, with the stated payment frequency of '1' referring to the singular principal repayment event at maturity for this zero-coupon structure.