Bond AZ Bank 0% ( DE000DG6CGX0 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DG6CGX0 ( in EUR )
Interest rate	0%
Maturity	23/06/2023 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	50 000 000 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. This financial analysis pertains to a debt instrument, ISIN DE000DG6CGX0, recently matured and redeemed, issued by DZ Bank, a central institution for Germany's cooperative banking sector and a leading commercial bank based in Frankfurt am Main. The bond, denominated in EUR, had a total issue size of EUR 50,000,000 and was structured with a minimum purchase denomination of EUR 100,000. A distinctive feature of this issuance was its 0% interest rate, indicating it functioned either as a zero-coupon bond where investor returns would be realized from a discount to its face value, or a note offering solely principal repayment at maturity. The instrument reached its scheduled maturity date on June 23, 2023, at which point it was fully reimbursed to its bondholders at 100% of its par value, thus successfully completing the issuer's financial obligation.