Bond Kommerzbank AG 0% ( XS1626207978 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS1626207978 ( in USD )
Interest rate	0%
Maturity	13/02/2023 - Bond has expired
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Minimal amount	300 000 USD
Total amount	4 450 000 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. A detailed financial overview of the bond identified by ISIN XS1626207978 reveals its recent lifecycle completion. This obligation was issued by Commerzbank AG, a prominent German banking and financial services institution headquartered in Frankfurt, Germany, with a significant global presence across retail, corporate, and capital markets sectors. The bond, denominated in USD and issued from Luxembourg, represented a total offering size of $4,450,000, with a minimum investor lot established at $300,000. Notably, this instrument featured a 0% interest rate, categorizing it as a zero-coupon bond, where investor returns are typically realized from purchasing the bond at a discount to its par value, with the full principal amount reimbursed at maturity. While a payment frequency of 2 was indicated, typically associated with semi-annual coupon payments, its zero-coupon nature confirms that no periodic interest disbursements occurred, with the sole cash flow event for investors being the final principal repayment. The bond reached its scheduled maturity on February 13, 2023, and has since been fully redeemed at 100% of its face value, confirming the successful conclusion of its term and the repayment to investors.