Bond DekaBank 0.58% ( DE000DK0VMG0 ) in EUR

Issuer	DekaBank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DK0VMG0 ( in EUR )
Interest rate	0.58% per year ( payment 1 time a year)
Maturity	30/10/2030
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Minimal amount	1 000 EUR
Total amount	25 000 000 EUR
Next Coupon	30/10/2025 ( In 59 days )
Detailed description	DekaBank is a German commercial bank, offering a wide range of financial services including corporate banking, asset management, and private banking. A debt instrument identified by the ISIN DE000DK0VMG0 has become available on the market, presenting a fixed-income opportunity denominated in Euros. This bond, issued by Dekabank from Germany, is currently trading at its par value of 100% and offers an annual interest rate of 0.58%. The instrument is structured with a maturity date of October 30, 2030, positioning it as a medium-term investment vehicle within a euro-denominated portfolio. The total issuance size for this particular bond is 25,000,000 EUR, with a minimum lot size for investment set at 1,000 EUR, allowing for fractional investment in the larger issuance. Interest payments are scheduled to occur annually, providing a predictable income stream for investors. The issuer, Dekabank, is a key financial institution based in Germany, serving as the central asset manager for the Sparkassen-Finanzgruppe, which is Germany's largest financial group. Dekabank plays a crucial role in the German financial ecosystem, offering extensive services across asset management, capital markets, and fund administration to institutional clients and the broader network of German savings banks, thereby underpinning the credibility and stability associated with its financial instruments.