Bond AZ Bank 2.2% ( DE000DD5AML2 ) in USD

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AML2 ( in USD )
Interest rate	2.2% per year ( payment 2 times a year)
Maturity	27/12/2023 - Bond has expired
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Minimal amount	20 000 USD
Total amount	10 000 000 USD
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 bond identified by the ISIN DE000DD5AML2, issued by DZ Bank, has recently reached its maturity and been fully redeemed. This financial instrument, originating from Germany, was denominated in USD and offered an annual interest rate of 2.2%, with interest payments distributed on a semi-annual basis. The total size of the issuance was 10,000,000 USD, with a minimum purchase amount set at 20,000 USD. DZ Bank AG, headquartered in Frankfurt, Germany, stands as the central institution for the country's extensive cooperative banking group, which encompasses approximately 700 cooperative banks. Functioning as a commercial bank, corporate bank, and the primary service provider for this cooperative financial network, DZ Bank offers a comprehensive suite of financial services, including corporate banking, capital market services, and transaction banking, playing a crucial role in liquidity management and support for its member banks. The bond's scheduled maturity date was December 27, 2023, and it has successfully been redeemed at its par value of 100%, signifying the completion of its investment cycle and the return of principal to investors.