Bond AZ Bank 1.15% ( DE000DD5ANG0 ) in EUR

Issuer	AZ Bank
Market price	90.73 % ▲
Country	Germany
ISIN code	DE000DD5ANG0 ( in EUR )
Interest rate	1.15% per year ( payment 1 time a year)
Maturity	27/12/2029
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Next Coupon	28/12/2025 ( In 121 days )
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 financial article provides an overview of a debt security issued by DZ Bank, a prominent German cooperative central bank serving as the central institution for over 700 cooperative banks in Germany, deeply integrated into the country's financial infrastructure and offering a wide range of wholesale banking and capital market services. The bond, identified by ISIN DE000DD5ANG0, is denominated in EUR and was issued in Germany, reflecting its domestic market origin. It carries a fixed annual coupon rate of 1.15% and is set to mature on December 27, 2029, offering investors a defined repayment schedule with an annual payment frequency. Currently trading on the market at 90.52% of its par value, this bond presents a discount, implying a yield-to-maturity above its nominal coupon rate, making it a noteworthy consideration within the fixed-income landscape for those seeking exposure to German financial institutions.