Bond AZ Bank 0% ( DE000DD5AK46 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AK46 ( in EUR )
Interest rate	0%
Maturity	25/06/2029
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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 in-depth analysis of the DE000DD5AK46 bond, issued by DZ Bank, presents a notable debt instrument originating from Germany, presently trading at 100% of its par value in Euros on the market. With a total issuance size of ?25,000,000, this obligation stands out as a zero-coupon bond, characterized by a 0% interest rate and thus no recurring interest payments, with its principal due for repayment upon its maturity on June 25, 2029. Investors seeking exposure to this instrument are required to commit to a minimum trading lot of ?100,000, signifying its appeal to institutional or sophisticated investors, while the issuer, DZ Bank, as the central institution for the German cooperative banks, functions as a significant wholesale bank and holding company for diverse specialized financial service providers, solidifying its position as one of Germany's largest and most crucial financial entities, thereby providing substantial underlying credit strength for its issued debt.