Bond Badenia-Wuerttemberg Bank 0.02% ( DE000LB13CZ6 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB13CZ6 ( in EUR )
Interest rate	0.02% per year ( payment 1 time a year)
Maturity	25/10/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	24 000 000 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. A financial overview of the recently matured bond (ISIN: DE000LB13CZ6) provides insight into its characteristics and successful redemption. The issuer of this fixed-income instrument is Landesbank Baden-Wuerttemberg (LBBW), a prominent German universal bank headquartered in Stuttgart. LBBW holds a significant position within the German financial landscape, serving as a central clearing institution for savings banks in Baden-Württemberg while also functioning as a comprehensive commercial bank for corporate and retail clients. Furthermore, it acts as a development bank for the state of Baden-Württemberg, benefiting from public sector ownership that provides a stable institutional backing for its diverse operations, which span corporate banking, capital markets, retail banking, and asset management. Issued in Germany and denominated in EUR, this bond had a total issue size of 24,000,000 EUR, with a minimum lot size of 1,000 EUR for investors. Featuring an annual interest rate of 0.02%, the bond reached its scheduled maturity on October 25, 2023, and was subsequently redeemed at 100% of its nominal value, marking the conclusion of its lifecycle.