Bond Badenia-Wuerttemberg Bank 0.4% ( DE000LB13RC3 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	89.8 % ▲
Country	Germany
ISIN code	DE000LB13RC3 ( in EUR )
Interest rate	0.4% per year ( payment 1 time a year)
Maturity	23/09/2029
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 EUR
Total amount	24 000 000 EUR
Next Coupon	24/09/2025 ( In 55 days )
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. An examination of fixed-income instruments reveals a specific obligation, identified by its International Securities Identification Number (ISIN) DE000LB13RC3, issued by Landesbank Baden-Wuerttemberg (LBBW). LBBW is a prominent universal bank headquartered in Stuttgart, Germany, serving as the central institution for the Sparkassen (savings banks) in Baden-Württemberg and also operating as a significant commercial bank. As one of Germany's largest Landesbanken, LBBW plays a crucial role in providing comprehensive financial services to corporations, small and medium-sized enterprises (SMEs), public-sector entities, and private customers, both domestically and internationally. Its activities span corporate banking, retail banking, capital markets, and asset management, underpinned by a robust financial framework, reflecting its stability and systemic importance within the German banking landscape. This bond was issued in Germany, aligning it with the robust legal and regulatory framework of the Eurozone's largest economy. Denominated in Euros (EUR), the bond currently trades on the market at 89.8% of its par value, indicating that it is priced at a discount, which could reflect shifts in prevailing interest rates since its issuance or broader market sentiment. It features a notably low annual coupon rate of 0.4%, a characteristic common for bonds issued during periods of ultra-low or negative interest rates. The total issuance size for this particular security amounts to ?24,000,000, which, while substantial, might categorize it as a more tailored or targeted issue for a financial institution of LBBW's scale. The minimum lot size for investment is set at ?1,000, making it accessible to a relatively broad range of investors. Its maturity date is fixed for September 23, 2029, positioning it as a medium-term investment. Coupon payments are structured to occur annually, at a frequency of one per year, providing a consistent, albeit modest, income stream to bondholders until maturity.