Bond Badenia-Wuerttemberg Bank 0.1% ( DE000LB13N53 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB13N53 ( in EUR )
Interest rate	0.1% per year ( payment 1 time a year)
Maturity	02/06/2022 - 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 detailed review of a specific fixed-income instrument, identified by its ISIN code DE000LB13N53, reveals it to be a bond issued by Landesbank Baden-Wuerttemberg (LBBW), a prominent German universal bank. Headquartered in Stuttgart, LBBW stands as one of Germany's largest landesbanks, playing a significant role in the country's financial landscape by offering a wide array of services spanning corporate banking, retail banking, asset management, and capital market operations. Its origins and public-sector ownership underscore its deep integration within the German federal state of Baden-Württemberg's economy. This particular bond, denominated in Euro (EUR), featured a low annual coupon rate of 0.1% and represented a total issue size of EUR 24,000,000, with a minimum lot size for investment set at EUR 1,000. Originating from Germany, the bond, which had an annual payment frequency, reached its scheduled maturity date on June 2, 2022. Consistent with its terms, the bond was redeemed at its par value of 100% on the market, signifying the successful completion of its lifecycle and the repayment of principal to bondholders.