Bond AZ Bank 0% ( DE000DD5AJP9 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AJP9 ( in EUR )
Interest rate	0%
Maturity	24/06/2026
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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. Details pertaining to a specific debt instrument, identified by the ISIN code DE000DD5AJP9, have been made available. This obligation is issued by DZ Bank, a pivotal financial institution headquartered in Germany, serving as the central organization for the country's extensive network of cooperative banks and holding a significant position in the German financial sector due to its comprehensive range of services spanning corporate banking, capital markets, and private banking. The bond is denominated in Euros (EUR) and currently trades at 100% of its nominal value on the market. A defining characteristic of this instrument is its 0% interest rate, classifying it as a zero-coupon bond, implying that investors do not receive periodic interest payments but rather benefit from the difference between the purchase price and the principal amount received at its maturity date of June 24, 2026. The total size of this issuance stands at 25,000,000 EUR, providing an indication of its market presence, while the minimum investment lot is set at 100,000 EUR, suggesting it targets institutional investors or high-net-worth individuals. Although a payment frequency of 1 is noted, this refers to the single principal repayment at the bond's maturity, consistent with the nature of a zero-coupon instrument.