Bond AZ Bank 0% ( DE000DG6CP66 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DG6CP66 ( in EUR )
Interest rate	0%
Maturity	23/06/2027
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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. A notable debt instrument, identified by ISIN DE000DG6CP66, is currently observed in the European financial markets, issued by the prominent German cooperative banking institution, DZ Bank; this bond, a classic fixed-income security, is set to mature on June 23, 2027, and is denominated in EUR, currently trading at 100% of its face value on the market; a key characteristic of this particular issuance is its zero-coupon nature, as indicated by an interest rate of 0%, with payment frequency listed as 1, which typically implies an annual payment structure, though in the context of a zero-coupon bond, this might refer to the single principal repayment at maturity or a specific accounting convention. The total size of the issuance is reported at 25,000,000 EUR, with a minimum lot size for investment set at 100,000 EUR, indicating its suitability for institutional investors or high-net-worth individuals. The issuer, DZ Bank, stands as one of Germany's largest financial institutions, serving as the central institution for the country's vast cooperative banking sector, comprised of the Volksbanken Raiffeisenbanken; headquartered in Frankfurt, DZ Bank Group provides a wide range of corporate and investment banking services, including capital markets activities, asset management, and critical retail banking support for its approximately 700 member banks, thereby underpinning a significant portion of the German financial landscape; the bank's robust financial position and systemic importance in the German banking system contribute to the perceived credit quality of its issued debt instruments, making this particular bond, issued out of Germany, a specific investment opportunity within the European debt market, characterized by its zero-coupon structure and significant minimum lot, and backed by a systemically important German financial entity.