Bond AZ Bank 2% ( DE000DD5AND7 ) in EUR

Issuer	AZ Bank
Market price	99.9 % ▲
Country	Germany
ISIN code	DE000DD5AND7 ( in EUR )
Interest rate	2% per year ( payment 1 time a year)
Maturity	24/06/2025 - Bond has expired
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. This report provides a detailed overview of the bond identified by ISIN DE000DD5AND7, issued by the German financial institution DZ Bank, which has now reached its maturity and undergone full reimbursement. DZ Bank, officially Deutsche Zentral-Genossenschaftsbank, stands as the central institution for Germany's cooperative banks, operating as one of the nation's largest financial entities; it supports approximately 850 cooperative banks by offering a comprehensive suite of services, including corporate banking, capital markets operations, and asset management, thereby asserting its pivotal role within the German financial sector. Denominated in Euros (EUR), this bond featured a fixed annual interest rate of 2%, with interest payments disbursed annually. The total issuance size for this debt instrument was 25,000,000 EUR, with a minimum investment tranche established at 100,000 EUR, reflecting its orientation towards institutional or sophisticated investors. While the bond's maturity date was officially set for June 24, 2025, it has since concluded its lifecycle. Prior to its redemption, the bond traded at 99.9% of its face value on the market, indicative of its stable valuation as it approached its final repayment date. Confirming its status, this obligation has successfully matured, and all principal amounts along with final accrued interest have been fully reimbursed to the respective bondholders.