Bond AZ Bank 0% ( DE000DD5AWC0 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5AWC0 ( in EUR )
Interest rate	0%
Maturity	30/12/2030
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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 analysis of a specific fixed-income instrument reveals a bond issued by DZ Bank, a prominent German financial institution. Headquartered in Frankfurt, DZ Bank serves as the central institution for over 700 cooperative banks in Germany, making it one of the country's largest financial groups and a key player in the German financial system, offering comprehensive banking and financial services to its member banks, corporate clients, and institutional investors. This particular bond, identified by ISIN DE000DD5AWC0 and issued from Germany, is currently trading at par (100% of its face value) in Euros. Notably, it features a 0% interest rate, characteristic of a zero-coupon bond where investors typically derive returns from the difference between the purchase price and the face value at maturity, though at its current market price of 100%, this implies a principal repayment at par upon maturity. The bond has a total issuance size of ?25,000,000, with a minimum purchase size set at ?100,000, catering primarily to institutional investors. Its maturity date is set for December 30, 2030, and while the "payment frequency" is listed as 1, this, in conjunction with the 0% interest rate, signifies the principal repayment occurring once at the bond's maturity.