Bond AZ Bank 0% ( DE000DD5AK61 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AK61 ( in EUR )
Interest rate	0%
Maturity	25/06/2029
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
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 new bond issuance, identified by ISIN DE000DD5AK61, has been introduced to the market by DZ Bank, a prominent German financial institution. DZ Bank functions as the central institution for the cooperative banking sector in Germany, providing wholesale banking services to approximately 800 cooperative banks and thus playing a significant role in the country's financial infrastructure and economy. This specific debt instrument, denominated in Euro (EUR), represents a total issue size of EUR 25,000,000 and is presently trading at its par value of 100% on the market. Originating from Germany, a key characteristic of this bond is its structure as a zero-coupon instrument, as evidenced by its 0% interest rate, which means no periodic interest payments are distributed to bondholders throughout its term. Instead, investors are expected to realize their return through the appreciation from a discounted purchase price to the full face value received upon redemption at maturity. The bond is slated to mature on June 25, 2029, at which point the single principal repayment will occur, aligning with its zero-coupon design. Investment in this offering is structured with a substantial minimum lot size of EUR 100,000, indicating its likely target market includes institutional investors or high-net-worth individuals rather than retail investors.