Bond Kommerzbank AG 0% ( XS1274673406 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1274673406 ( in USD )
Interest rate	0%
Maturity	15/08/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	500 000 USD
Detailed description	Commerzbank AG is a major German bank offering a wide range of financial services including corporate banking, private banking, and asset management, with a significant international presence. This financial overview details a specific debt instrument previously issued by Commerzbank AG, a significant German universal bank with a strong presence in the European financial sector, headquartered in Frankfurt, Germany. Identified by the International Securities Identification Number (ISIN) XS1274673406, this particular bond was denominated in US Dollars (USD) and was notable for its zero-coupon structure, meaning it carried an interest rate of 0% throughout its lifespan, thus not providing periodic interest payments. The total issuance size for this bond was 500,000 units, with a minimum lot size of 1,000 units for investor participation. Although a payment frequency of 2 was specified, this would typically refer to semi-annual coupon payments; however, given the 0% interest rate, this characteristic primarily underscored the bond's zero-coupon nature, with the principal repayment occurring at maturity. The bond reached its scheduled maturity date on August 15, 2022, and, as reported, was subsequently redeemed at 100% of its par value, signifying a successful repayment to its holders and the conclusion of its lifecycle as a debt obligation.