Bond DZ BANK AG 0.3% ( DE000DDA0N98 ) in EUR

Issuer	DZ BANK AG
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DDA0N98 ( in EUR )
Interest rate	0.3% per year ( payment 1 time a year)
Maturity	22/12/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	25 000 000 EUR
Detailed description	DZ BANK AG, headquartered in Frankfurt am Main, is Germany's central cooperative bank, providing banking and financial services to cooperative banks and their customers nationwide. A detailed examination of the bond identified by ISIN DE000DDA0N98 reveals its recent lifecycle, culminating in its redemption. Issued by DZ BANK AG Deutsche Zentral-Genossenschaftsbank Frankfurt am Main, a prominent central institution within the German cooperative banking sector that serves as the central bank for approximately 700 cooperative banks in Germany, this debt instrument originated from Germany. The bond, denominated in Euro (EUR), was part of a total issuance valued at EUR 25,000,000, with a minimum investment lot set at EUR 1,000. It carried an annual interest rate of 0.3% and featured an annual payment frequency. With a specified maturity date of December 22, 2023, the bond's journey concluded precisely as scheduled. The current market price, noted as 100%, reflected its redemption at par value. As of its maturity date, this bond has successfully matured and subsequently been redeemed, thereby fulfilling its obligations to bondholders and completing its financial cycle.