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ItalianoBond NRW Bank 0.24% ( DE000NWB2GY7 ) in EUR
| Issuer | NRW Bank |
| Market price | 100 % ⇌ |
| Country |  Germany
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| ISIN code |
 DE000NWB2GY7 ( in EUR )
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| Interest rate | 0.24% per year ( payment 1 time a year) |
| Maturity | 18/04/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 100 000 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. An overview of a recently matured fixed-rate bond issued by NRW.BANK, the public-sector development bank for the German state of North Rhine-Westphalia, provides insight into its structure and lifecycle completion. Bearing the International Securities Identification Number (ISIN) DE000NWB2GY7, this bond, issued in Euro (EUR) from Germany, constituted a total issuance size of EUR 100,000,000. It featured a low annual coupon rate of 0.24% and was structured with a minimum lot size of EUR 100,000, indicative of its targeting towards institutional or wholesale investors. NRW.BANK, as the issuer, plays a pivotal role in fostering economic and structural development within North Rhine-Westphalia through various financial instruments, benefiting from its public mandate and often state guarantees which bolster its credit standing. The bond reached its scheduled maturity date on April 18, 2024, and was subsequently redeemed at its full par value of 100%, signifying the successful repayment of principal to bondholders and the completion of its term. |