Bond AZ Bank 0% ( DE000DG6CEW7 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DG6CEW7 ( in EUR )
Interest rate	0%
Maturity	23/12/2022 - Bond has expired
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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 in-depth analysis of the bond instrument identified by ISIN code DE000DG6CEW7 reveals its recent conclusion within the financial markets. Issued by DZ Bank, a prominent German financial institution serving as the central organization for over 800 cooperative banks across Germany and a significant player in the country's financial landscape, this debt security originated from Germany and was denominated in Euros. The total issuance size for this bond stood at EUR 25,000,000, with a minimum trading lot of EUR 100,000, indicating its appeal to institutional or high-net-worth investors. Notably, the bond featured a 0% interest rate, suggesting it was either a zero-coupon bond or structured to provide returns through capital appreciation rather than recurring interest payments, with a payment frequency of one, corresponding to the principal repayment. This particular bond reached its maturity on December 23, 2022, and has since been fully repaid, concluding its lifecycle at a market price of 100% of its nominal value upon redemption.