Bond AZ Bank 0.3% ( DE000DDA0LF6 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DDA0LF6 ( in EUR )
Interest rate	0.3% per year ( payment 1 time a year)
Maturity	31/01/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	10 000 000 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 examination of the DE000DDA0LF6 bond, recently matured and issued by DZ Bank, offers a detailed perspective on a specific debt instrument within the European financial market. DZ Bank AG, headquartered in Frankfurt am Main, Germany, functions as the central institution for the country's cooperative banks, providing a comprehensive range of wholesale banking and capital market services, thus occupying a significant position in the German financial ecosystem. The bond, identified by its unique ISIN DE000DDA0LF6, was a Euro-denominated debt security (EUR) with a substantial total issue size of EUR 10,000,000, made accessible to investors in minimum lot sizes of EUR 1,000. It featured an annual interest rate of 0.3%, with interest payments disbursed once per year, and was issued from Germany, aligning with the issuer's primary operational jurisdiction. At its market close, the bond was quoted at 100% of its face value, reflecting its par trading status. This financial instrument successfully reached its maturity date on January 31, 2023, and has since been fully redeemed, marking the completion of its life cycle as an outstanding financial obligation.