Bond Kommerzbank AG 0% ( XS1714983092 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1714983092 ( in USD )
Interest rate	0%
Maturity	09/08/2023 - 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 identified by ISIN XS1714983092, a bond issued by Commerzbank AG, successfully reached its maturity on August 9, 2023, and has been fully redeemed. This U.S. Dollar-denominated obligation, originating from Germany, was part of a total issuance valued at USD 5,000,000, with a minimum lot size for investors set at USD 1,000. Noteworthy for its 0% stated interest rate, indicating a zero-coupon structure where principal was the sole return at maturity, the bond was repaid at its 100% par value on the market. Commerzbank AG, a prominent German commercial bank headquartered in Frankfurt am Main, operates as a leading provider of banking and financial services to private, corporate, and institutional clients globally, holding a significant position in the European banking sector. The punctual repayment of this particular bond underscores the issuer's commitment to honoring its financial obligations, concluding its lifecycle as expected by bondholders.