Bond LBBW 1.25% ( DE000LB3N5K9 ) in EUR

Issuer	LBBW
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB3N5K9 ( in EUR )
Interest rate	1.25% per year ( payment 1 time a year)
Maturity	13/09/2023 - Bond has expired
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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 fixed-income instrument identified by ISIN DE000LB3N5K9, issued by the Landesbank Baden-Württemberg, recently completed its full lifecycle, reaching its scheduled maturity and undergoing comprehensive redemption on September 13, 2023. This bond, originating from Germany and denominated in Euros (EUR), successfully paid out at 100% of its nominal value, signifying a par repayment to all bondholders. The issuer, Landesbank Baden-Württemberg (LBBW), is a prominent German Landesbank, serving as a central bank for savings banks in Baden-Württemberg and providing a wide array of financial services to corporate and retail clients, thus solidifying its significant role within the German banking landscape. Throughout its tenure, this particular debt security carried a fixed annual interest rate of 1.25%, with coupon payments disbursed once per year. The final redemption at par, observed through its market price of 100% at maturity, confirms the orderly conclusion of this investment for its holders, consistent with its predefined terms and the issuer's obligations.