Bond Depfa Finanz 0% ( XS0227758553 ) in USD

Issuer	Depfa Finanz
Market price	100 % ⇌
Country	Ireland
ISIN code	XS0227758553 ( in USD )
Interest rate	0%
Maturity	20/09/2037
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Minimal amount	10 000 USD
Total amount	50 000 000 USD
Detailed description	Depfa Bank was a German Landesbank that collapsed in 2010 due to substantial losses on its portfolio of Irish commercial property loans. A notable debt instrument, identified by ISIN XS0227758553, is currently under market observation, issued by Depfa Bank. Depfa Bank, a financial institution historically specializing in public sector and infrastructure financing, operated with a significant presence in Ireland, which is designated as the country of issuance for this particular bond. The bank faced substantial challenges during the 2008 financial crisis, leading to its nationalization and a subsequent managed wind-down process by the German government. This specific obligation, denominated in US Dollars (USD), presents a distinct profile within the fixed income landscape. Notably, it features a zero-percent (0%) interest rate, meaning no periodic coupon payments are made to bondholders; the return for such an instrument typically derives from the difference between its purchase price and its face value at maturity. The bond carries a long maturity date, extending until September 20, 2037. Its current market price stands at 100% of its face value, indicating it is trading at par. The total size of the bond issuance is fifty million US Dollars ($50,000,000). For potential investors, the minimum purchase size is set at ten thousand US Dollars ($10,000). Despite a listed frequency of payment as '2', which typically indicates semi-annual interest disbursements, the zero-percent coupon confirms that no such periodic interest payments are made to holders, aligning its profile more with a pure discount instrument or a principal-only payment structure. This bond offers a specific long-term exposure to Depfa Bank's credit risk without the benefit of recurring interest income, potentially appealing to investors with particular portfolio objectives focused on capital preservation or specific maturity matching, given its current par pricing.