Bond AZ Bank 0% ( DE000DG6CSE5 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DG6CSE5 ( in EUR )
Interest rate	0%
Maturity	29/12/2025
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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 detailed examination of a specific debt instrument issued by DZ Bank reveals key financial characteristics pertinent to potential investors. This bond, identified by its International Securities Identification Number (ISIN) DE000DG6CSE5, originates from Germany, the home country of its issuer. DZ Bank AG, headquartered in Frankfurt am Main, functions as the central institution for Germany's extensive cooperative banking network, serving over 700 cooperative banks and operating as a major commercial bank within the German financial sector. Its integral role encompasses a wide array of financial services, including corporate banking, capital markets activities, and transaction banking, solidifying its position as a significant and reputable entity within the European financial landscape and debt markets. The bond in question is denominated in Euros (EUR) and is currently trading at 100% of its par value on the market. A notable feature of this instrument is its stated interest rate of 0%, indicating that it likely operates as a zero-coupon bond where no periodic interest payments are made, and investors' returns are derived from the difference between the purchase price (or par value) and the principal amount received at maturity. This bond is scheduled to mature on December 29, 2025, providing a defined investment horizon. Although a payment frequency of '1' is listed, the zero interest rate confirms that there are no recurring coupon disbursements throughout the bond's life; the primary financial event for the bondholder will be the repayment of the principal amount at its maturity date.