Bond Badenia-Wuerttemberg Bank 2.02% ( DE000LB35TN9 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB35TN9 ( in EUR )
Interest rate	2.02% per year ( payment 1 time a year)
Maturity	22/12/2023 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	/
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. The bond identified by ISIN DE000LB35TN9, issued by Landesbank Baden-Wuerttemberg (LBBW), reached its maturity on December 22, 2023, and has since been fully redeemed. This Euro-denominated debt instrument carried a fixed annual interest rate of 2.02%, with interest payments scheduled once per year, and was trading at 100% of its face value upon its final redemption, ensuring bondholders received their principal in full. Landesbank Baden-Wuerttemberg (LBBW), the issuer, is a prominent German universal bank headquartered in Stuttgart. As one of Germany's largest state-backed Landesbanken, LBBW holds a significant position in the German financial landscape, supporting the economy of the federal state of Baden-Württemberg by serving a broad clientele including corporations, institutional clients, and retail customers. Its ownership is primarily vested in the state of Baden-Württemberg and various Sparkassen associations, underlining its public mandate and stability within the European banking sector. The timely repayment of this bond underscores LBBW's robust financial management and commitment to its debt obligations, marking a complete cycle for this particular issue from its initial offering to its final, successful redemption.