Bond NRW Bank 0% ( XS0521398130 ) in USD

Issuer	NRW Bank
Market price	100 % ⇌
Country	Germany
ISIN code	XS0521398130 ( in USD )
Interest rate	0%
Maturity	28/06/2040
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Minimal amount	1 000 000 USD
Total amount	143 000 000 USD
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 in-depth review of the debt capital markets highlights a bond identified by ISIN XS0521398130, issued by NRW.BANK, the state development bank for North Rhine-Westphalia, Germany, serving as a key financial institution for promoting economic and structural development, housing, and environmental protection within the region. This particular instrument, issued from Germany and denominated in USD, has a substantial total issue size of $143,000,000, with a minimum purchase size set at $1,000,000. Currently trading at 100% of its face value, this bond is structured as a zero-coupon instrument, featuring a 0% interest rate, thereby precluding periodic interest payments despite an indicated payment frequency of two, with its principal fully maturing on June 28, 2040.