Bond AZ Bank 0.35% ( DE000DDA0M16 ) in EUR
Issuer | AZ Bank |
Market price | ![]() |
Country | ![]() |
ISIN code |
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Interest rate | 0.35% per year ( payment 1 time a year) |
Maturity | 26/09/2025 |
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Minimal amount | 100 000 EUR |
Total amount | 20 000 000 EUR |
Next Coupon | 26/09/2025 ( In 28 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 specific debt instrument, an obligation, identified by the ISIN DE000DDA0M16, issued by DZ Bank, Germany's central institution for cooperative banks (Volksbanken Raiffeisenbanken). As a prominent player in the German financial landscape, DZ Bank serves a dual role as a commercial bank and a corporate bank, alongside its asset management functions, underpinning a significant segment of the national banking sector. The bond, denominated in EUR, is currently trading at 100% of its face value, reflecting its par market price. It offers an annual interest rate, or coupon, of 0.35%, with interest payments scheduled once per year, indicated by its payment frequency of 1. The total size of this particular issue amounts to 20,000,000 EUR, with a specified minimum purchase lot of 100,000 EUR, positioning it for institutional or sophisticated investors. This German-issued bond is set to mature on September 26, 2025, providing a relatively short-term fixed-income opportunity originating from a robust and integral component of the German banking system. |