Bond DekaBank 2.25% ( DE000DK0SMS1 ) in USD

Issuer	DekaBank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DK0SMS1 ( in USD )
Interest rate	2.25% per year ( payment 2 times a year)
Maturity	12/02/2021 - Bond has expired
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Minimal amount	1 000 USD
Total amount	50 000 000 USD
Detailed description	DekaBank is a German commercial bank, offering a wide range of financial services including corporate banking, asset management, and private banking. This financial analysis details a specific bond identified by ISIN DE000DK0SMS1, an instrument issued in Germany by Dekabank, a pivotal financial institution serving as the central institution for the German Savings Banks (Sparkassen) and known for its comprehensive range of banking and investment services within Germany's financial landscape. Denominated in USD, this bond offered an annual interest rate of 2.25%, with coupon payments occurring twice annually, and represented a total issuance size of 50,000,000 units, with a minimum lot size for investment set at 1,000 units. The instrument reached its maturity on February 12, 2021, and has since been fully repaid, a status reflected by its current market price standing at 100% of its par value, thus concluding its lifecycle as a debt instrument.