Bond DekaBank 0% ( DE000DK0T0A6 ) in EUR

Issuer	DekaBank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DK0T0A6 ( in EUR )
Interest rate	0%
Maturity	08/10/2026
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Minimal amount	100 000 EUR
Total amount	15 000 000 EUR
Detailed description	DekaBank is a German commercial bank, offering a wide range of financial services including corporate banking, asset management, and private banking. Dekabank, a leading German financial institution, has recently introduced a new debt instrument to the market, further solidifying its presence in the European fixed income landscape. This bond, identified by the International Securities Identification Number (ISIN) DE000DK0T0A6, represents a direct obligation of the issuer. Dekabank Deutsche Girozentrale serves as the central institution for the vast German Savings Banks Finance Group (Sparkassen-Finanzgruppe), acting as their primary securities service provider. This pivotal role involves managing significant assets and providing a comprehensive suite of investment products and services to its extensive network of savings banks, their clientele, and other institutional investors. Its robust backing from Germany's highly stable and interconnected public savings banks system positions Dekabank as a financially sound entity with a strong credit profile, making its debt offerings of considerable interest to investors prioritizing stability and security within the European financial markets. The bond, categorized as a standard obligation, is issued from Germany and denominated in Euros (EUR). It is currently observed trading at 100% of its par value on the market. Notably, the bond carries a coupon rate of 0%, classifying it as a zero-coupon bond, meaning investors do not receive periodic interest payments; instead, the return is typically realized through capital appreciation if acquired below par, or simply the full principal repayment at maturity if bought at par. The total size of this particular issuance is EUR 15,000,000, with a minimum lot size for investment set at EUR 100,000, thereby targeting a sophisticated investor base. The maturity date for this bond is set for October 8, 2026. While a payment frequency of 1 is indicated, this detail primarily pertains to the singular principal repayment at maturity for a zero-coupon structure, rather than recurring interest distributions.