Bond AZ Bank 0.34% ( DE000DG6CS06 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DG6CS06 ( in EUR )
Interest rate	0.34% per year ( payment 1 time a year)
Maturity	23/06/2022 - 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 analysis of recent fixed-income market activity highlights the successful lifecycle completion of a particular bond issued by DZ Bank, a pivotal institution within the German financial landscape. As the central bank for Germany's cooperative banking sector, DZ Bank provides essential services, including wholesale banking, capital market activities, and strategic support to a network of local cooperative banks, solidifying its significant role in both domestic and international finance. This specific bond, identifiable by its ISIN DE000DG6CS06, was a Euro-denominated obligation with an initial total issuance size of 25,000,000 EUR, made accessible to investors in minimum lots of 100,000 EUR. Characterized by a modest annual interest rate of 0.34%, reflecting the prevailing low-yield environment at its time of issuance from Germany, the bond was scheduled to mature on June 23, 2022. Upon reaching its maturity date, the bond's market price stood at 100% of its nominal value, ensuring that it was fully redeemed as per its terms. This event marks the successful conclusion of the bond's term, with principal repaid to investors, demonstrating the expected performance of a well-defined fixed-income instrument within its portfolio.