Bond Deutsch Kredit Bank AG 0.001% ( DE000DKB0515 ) in EUR

Issuer Deutsch Kredit Bank AG
Market price 100 %  ▲ 
Country  Germany
ISIN code  DE000DKB0515 ( in EUR )
Interest rate 0.001% per year ( payment 1 time a year)
Maturity 14/09/2022 - Bond has expired



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Minimal amount 100 000 EUR
Total amount 1 000 000 000 EUR
Detailed description Deutsche Kreditbank AG (DKB) is a German retail and commercial bank specializing in digital banking services, offering a range of products including current accounts, savings accounts, loans, and mortgages primarily to private and small to medium-sized business customers.

An important financial instrument from Deutsche Kreditbank AG, identified by ISIN DE000DKB0515, has successfully reached its maturity and been fully redeemed on its designated maturity date, underscoring the orderly conclusion of this debt obligation; Deutsche Kreditbank AG, commonly known as DKB, is a prominent German direct bank and a wholly-owned subsidiary of BayernLB, established in 1990 and having grown to become one of Germany's leading online banks offering a comprehensive range of financial services including retail banking, corporate banking, and public sector financing, whose strong presence in the German financial landscape underpins the reliability of its issued debt instruments; this specific bond, issued from Germany, was denominated in Euros (EUR) and carried a nominal interest rate of 0.001%, reflecting the prevailing low-interest-rate environment at the time of its issuance or indicating a specific type of very low-yield instrument; the total size of this particular bond issuance was substantial, amounting to EUR 1,000,000,000, underscoring its significance in the issuer's funding strategy, while structured with a minimum lot size for investment set at EUR 100,000, catering to institutional or larger private investors; interest payments were scheduled with a frequency of one, typically indicating an annual payment, though in this case, its extremely low rate might have implied a different structure or simply a very minor annual coupon; the bond's definitive maturity date was September 14, 2022, on which it was officially retired from circulation, and investors holding this bond were repaid at its par value of 100% of the principal amount, confirming a successful and complete redemption process for all outstanding notes, which further solidifies the issuer's financial stability and commitment to its debt obligations.