Bond NRW Bank 2.625% ( DE000NWB14A1 ) in EUR

Issuer	NRW Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NWB14A1 ( in EUR )
Interest rate	2.625% per year ( payment 1 time a year)
Maturity	12/12/2016 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	100 000 000 EUR
Detailed description	NRW.BANK is a German public-sector bank focusing on providing financial services to the state of North Rhine-Westphalia, including public institutions, businesses, and private individuals. A comprehensive review of the bond identified by ISIN DE000NWB14A1 reveals a significant fixed-income instrument issued by NRW.BANK, a prominent public-sector promotional bank based in Germany. NRW.BANK serves as the development agency for the state of North Rhine-Westphalia, playing a crucial role in funding economic and social development projects within the region, thereby benefiting from a strong credit standing typically associated with German public financial institutions. This particular bond, denominated in Euros, carried a fixed annual coupon rate of 2.625 percent, reflecting the prevailing interest rate environment at its time of issuance. The total emission size for this specific offering was substantial, amounting to 100,000,000 EUR, indicating a significant fundraising effort by the issuer in the debt capital markets. Investors were able to acquire this bond in minimum lot sizes of 1,000 EUR, making it accessible to a range of institutional and potentially retail investors. Crucially, this bond reached its maturity date on December 12, 2016, and has since been fully redeemed by NRW.BANK, with its final market price at redemption typically reflecting its face value of 100% as is standard for bonds held to maturity.