Bond Badenia-Wuerttemberg Bank 0.95% ( DE000LB13M62 ) in AUD

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB13M62 ( in AUD )
Interest rate	0.95% per year ( payment 1 time a year)
Maturity	26/05/2023 - Bond has expired
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Minimal amount	1 000 AUD
Total amount	35 000 000 AUD
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 particular bond issuance, identified by its ISIN DE000LB13M62, successfully reached its maturity and was subsequently redeemed on May 26, 2023. This debt instrument was issued by Landesbank Baden-Wuerttemberg (LBBW), a prominent German universal bank headquartered in Stuttgart. As one of Germany's largest financial institutions, LBBW plays a significant role in the European financial market, offering a comprehensive suite of banking and financial services to corporate clients, retail customers, and the public sector. The bond, originating from Germany, was denominated in Australian Dollars (AUD) and featured an annual interest rate of 0.95%. The total issue size for this bond stood at 35,000,000 AUD, with a minimum lot size for trading set at 1,000 AUD. Interest payments were scheduled with a frequency of once per year. Upon its maturity, the bond was noted to be trading at a market price of 100%, indicating its full repayment to investors at par and the successful completion of its lifecycle as a financial obligation.