Bond Norddeutsche Landesbank 1.65% ( DE000NLB2575 ) in EUR

Issuer Norddeutsche Landesbank
Market price 100 %  ⇌ 
Country  Germany
ISIN code  DE000NLB2575 ( in EUR )
Interest rate 1.65% per year ( payment 1 time a year)
Maturity 26/07/2029 - Bond has expired



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Minimal amount 500 EUR
Total amount 50 000 000 EUR
Detailed description Norddeutsche Landesbank Girozentrale (NordLB) is a German public-sector bank primarily serving the northern German states, offering a range of commercial and investment banking services.

A recent development in the European fixed income market concerns the full redemption of a specific bond issued by Norddeutsche Landesbank -Girozentrale- (NORD/LB), which reached its scheduled maturity. Norddeutsche Landesbank -Girozentrale-, commonly known as NORD/LB, is a prominent German commercial bank and public-sector savings bank headquartered in Hanover, Germany. As one of the largest Landesbanken in Germany, NORD/LB plays a crucial role in financing public infrastructure projects, corporate banking, and real estate finance, while also serving as a central bank for savings banks in its operating region. Its status as a Landesbank also implies a certain level of public sector backing, contributing to its credit profile as an issuer in the debt capital markets. The bond in question, identified by its ISIN DE000NLB2575, was denominated in Euros (EUR), representing a total issuance size of EUR 50,000,000. This debt instrument carried an annual coupon rate of 1.65%, providing investors with regular income throughout its tenure, with payments made once per year. The minimum lot size for investment in this particular offering was set at EUR 500, making it accessible to a range of investors. Having been issued from Germany, this bond successfully reached its scheduled maturity date on July 26, 2029. Upon maturity, the bond was redeemed at 100% of its face value, indicating that investors received their full principal back as anticipated, in line with the terms outlined at issuance. This 100% redemption underscores the successful fulfillment of the issuer's obligation to its bondholders, concluding this particular debt instrument's lifecycle within the fixed income portfolio of investors.