Bond Kommerzbank AG 0% ( XS1714981047 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1714981047 ( in USD )
Interest rate	0%
Maturity	18/07/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	5 000 000 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. The financial instrument under review is a bond issued by Commerzbank AG, a leading German universal bank headquartered in Frankfurt am Main, specializing in commercial banking services for private and corporate clients globally. This specific debt security, identifiable by its International Securities Identification Number (ISIN) XS1714981047, was denominated in United States Dollars (USD) and originated from Germany, reflecting the issuer's primary jurisdiction. A notable characteristic of this bond was its zero-coupon structure, indicating that it did not accrue or distribute periodic interest payments to investors throughout its tenor. Instead, investor returns typically derived from the bond being issued at a discount to its face value and subsequently redeemed at par. The total principal amount for this issuance was 5,000,000 USD, structured with a minimum lot size of 1,000 USD for investors. The bond reached its scheduled maturity on July 18, 2023, at which point it was fully redeemed at 100% of its face value. This repayment signifies the successful fulfillment of Commerzbank AG's financial obligation to bondholders, bringing the lifecycle of this particular debt instrument to its conclusion.