Bond Kommerzbank AG 0% ( XS1714981120 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1714981120 ( in USD )
Interest rate	0%
Maturity	19/07/2023 - 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. An analysis of a specific debt instrument highlights the recent full repayment of a Commerzbank AG bond, identified by ISIN XS1714981120. This particular obligation, issued from Germany, featured a 0% interest rate, categorizing it as a zero-coupon bond, notwithstanding an indicated payment frequency of 2. Denominated in USD, the bond had a total issue size of $5,000,000, with a minimum lot size for investment established at $1,000. It reached its maturity date on July 19, 2023, at which point it was repaid at 100% of its face value. Commerzbank AG, a prominent German financial institution headquartered in Frankfurt, stands as one of Germany's largest banks, providing a comprehensive spectrum of banking and financial services to corporate, retail, and institutional clients worldwide. The successful repayment of this bond underscores the issuer's commitment to its financial obligations, reflecting the anticipated outcome for investors who held this specific security until its maturity.