Bond AZ Bank 0% ( DE000DZ9U824 ) in EUR

Issuer AZ Bank
Market price 100 %  ⇌ 
Country  Germany
ISIN code  DE000DZ9U824 ( in EUR )
Interest rate 0%
Maturity 20/06/2022 - Bond has expired



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Minimal amount 1 000 EUR
Total amount 100 000 000 EUR
Detailed description DZ Bank is a German investment bank headquartered in Frankfurt, offering a range of services including corporate banking, investment banking, and asset management.

This financial article provides a detailed review of a specific debt instrument issued by DZ Bank, which recently completed its life cycle. The bond, identified by ISIN code DE000DZ9U824, was a Euro-denominated (EUR) obligation originating from Germany. The issuer, DZ Bank, officially known as Deutsche Zentral-Genossenschaftsbank, holds a pivotal position within the German cooperative banking sector. It functions as the central bank and a wholesale bank for Germany's nearly 700 cooperative banks, serving as a comprehensive service provider and a holding company for various specialized financial entities, including asset management through Union Investment, real estate finance via DZ Hyp, and insurance operations under R+V Versicherung. DZ Bank plays a critical role in supporting the liquidity, capital markets access, and overall financial stability of its member cooperative banks, thereby underpinning a significant segment of the German financial landscape. The bond in question represented a total issuance size of EUR 100,000,000, with a minimum subscription tranche established at EUR 1,000, making it accessible to a range of institutional and potentially retail investors. A notable characteristic of this instrument was its 0% interest rate, indicating that it was likely issued under specific market conditions where capital preservation, issuer stability, or other yield-enhancing strategies at the time of issuance were prioritized over regular coupon payments. The bond reached its scheduled maturity date on June 20, 2022, and as per its terms, it was subsequently redeemed at its par value of 100% of the principal amount, ensuring the full reimbursement of initial capital to investors. The successful and timely repayment of this obligation underscores DZ Bank's robust financial management and its consistent fulfillment of debt commitments, further solidifying its reputation and the reliability of its financial instruments in the European debt markets.