Bond Badenia-Wuerttemberg Bank 0% ( DE000LB0SB56 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB0SB56 ( in EUR )
Interest rate	0%
Maturity	27/03/2023 - Bond has expired
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Minimal amount	50 000 EUR
Total amount	100 000 000 EUR
Detailed description	Landesbank Baden-Württemberg (LBBW) is a German public-sector bank headquartered in Stuttgart, offering a wide range of financial services to corporate and public-sector clients, both domestically and internationally. The financial instrument, bearing the ISIN code DE000LB0SB56, represents a bond issued by Landesbank Baden-Wuerttemberg (LBBW), a key public-sector financial institution originating from Germany. LBBW stands as one of Germany's largest Landesbanks, providing comprehensive banking and financial services to a diverse clientele including corporations, small and medium-sized enterprises, the public sector, and retail customers, alongside its significant international presence. This particular bond, denominated in EUR, had an aggregate issue size of 100,000,000, with a minimum investment lot specified at 50,000. Characterized by a 0% interest rate, it functioned as a zero-coupon bond, implying no periodic interest distributions to investors. The bond traded at 100% on the market, indicating its par value. With a defined maturity date of March 27, 2023, this obligation has successfully reached its term and has been fully reimbursed to its bondholders, concluding its lifecycle within the fixed-income market as intended.