Bond Badenia-Wuerttemberg Bank 0.5% ( DE000LB2BWB9 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB2BWB9 ( in EUR )
Interest rate	0.5% per year ( payment 1 time a year)
Maturity	16/11/2023 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	50 000 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 specific bond, identified by ISIN DE000LB2BWB9, issued by the Landesbank Baden-Wuerttemberg (LBBW), recently reached its maturity on November 16, 2023, and has successfully been reimbursed to investors. This debt instrument, a standard bond denominated in Euro (EUR), carried an annual interest rate of 0.5%, with payments made annually. The total issuance size for this particular security was ?24,000,000, with a minimum lot size for investment set at ?50,000. At the time of its maturity, the bond was trading at its par value, represented as 100% of its face value. The issuer, Landesbank Baden-Wuerttemberg (LBBW), is a prominent German universal bank headquartered in Stuttgart, Germany. As one of the largest Landesbanken in Germany, LBBW operates as a public-sector financial institution primarily owned by the state of Baden-Württemberg, its savings banks, and the city of Stuttgart. Its comprehensive banking services span corporate banking, retail banking, and capital markets activities, serving a diverse client base ranging from private individuals and small and medium-sized enterprises (SMEs) to large corporations and institutional clients. LBBW's role extends to supporting the economic development of its home region, providing a stable financial backbone for its stakeholders. The bond was issued under German jurisdiction, aligning with LBBW's national operational base. The successful repayment of this bond on its maturity date underscores the regular conclusion of its lifecycle as a fixed-income security, fulfilling its obligations to bondholders.