Bond DekaBank 1.1% ( DE000DK0QC48 ) in EUR

Issuer	DekaBank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DK0QC48 ( in EUR )
Interest rate	1.1% per year ( payment 1 time a year)
Maturity	12/06/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	25 000 000 EUR
Detailed description	DekaBank is a German commercial bank, offering a wide range of financial services including corporate banking, asset management, and private banking. An analysis of the recently matured fixed-income instrument issued by Dekabank, identified by its ISIN DE000DK0QC48, offers insight into the characteristics of this debt security. Dekabank, a pivotal institution within the German cooperative financial sector serving as the central bank for a significant portion of Germany's cooperative banks, served as the issuer for this bond, which was denominated in Euros and originated from Germany. The total issuance size for this bond was EUR 25,000,000, with a minimum lot size for investment set at EUR 1,000. Featuring an annual coupon rate of 1.1%, the bond reached its maturity date on June 12, 2023. At the time of its maturity, the bond was valued at 100% of its face value on the market, confirming its successful redemption and full repayment to investors.