Bond AZ Bank 0% ( DE000DFK0KX7 ) in EUR

Issuer	AZ Bank
Market price	100.37 % ▼
Country	Germany
ISIN code	DE000DFK0KX7 ( in EUR )
Interest rate	0%
Maturity	21/06/2027
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Minimal amount	100 000 EUR
Total amount	100 000 000 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. The financial market is currently featuring bond ISIN DE000DFK0KX7, issued by DZ Bank, a cornerstone of the German cooperative financial system. DZ Bank AG Deutsche Zentral-Genossenschaftsbank serves as the central institution for Germany's roughly 850 cooperative banks, providing a comprehensive range of banking and financial services, from corporate banking to capital markets activities, and plays a pivotal role in supporting the liquidity and business operations of its member institutions, thereby holding a significant position within the broader European financial landscape. This particular bond, issued out of Germany and denominated in Euros, is presently trading at 100.41% of its face value. Characterized by a 0% interest rate, it functions as a zero-coupon instrument, implying that investor returns are realized from the capital appreciation between the acquisition price and the par value received upon maturity, rather than through regular coupon disbursements. The total issuance volume for this bond stands at 100,000,000 EUR, with a minimum investment lot size set at 100,000 EUR, and its maturity date is scheduled for June 21, 2027.