Bond Kommerzbank AG 0% ( XS1715002223 ) in USD

Issuer Kommerzbank AG
Market price 100 %  ⇌ 
Country  Germany
ISIN code  XS1715002223 ( in USD )
Interest rate 0%
Maturity 14/05/2020 - 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.

A specific bond issuance, identified by ISIN code XS1715002223, has successfully reached its maturity and been fully repaid, concluding its lifecycle within the financial markets. The issuer of this bond was Commerzbank AG, a prominent German multinational banking and financial services company headquartered in Frankfurt. As one of Germany's largest banks, Commerzbank operates across various segments, including corporate clients, private and small business customers, and capital markets, playing a significant role in both domestic and international financial landscapes. This particular bond, issued out of Germany, was denominated in USD. Notably, it was structured as a zero-coupon bond, evidenced by its stated interest rate of 0%, meaning no periodic coupon payments were made to bondholders throughout its term. The total size of this issuance was USD 5,000,000, with a minimum lot size for investment set at USD 1,000. While a payment frequency of 2 was indicated for the bond's structure, reflecting standard semi-annual considerations for coupon distribution, it is important to reiterate that this specific instrument carried a 0% interest rate, classifying it as a zero-coupon bond. Consequently, bondholders did not receive periodic interest payments, with their return embedded in the discount at which the bond was initially purchased relative to its par value at maturity. The bond reached its scheduled maturity date on May 14, 2020. At this point, the bond was trading at a market price of 100% of its face value, signaling its impending full repayment. Following its maturity, Commerzbank AG confirmed that the obligation has been duly repaid, ensuring the full return of principal to all bondholders, thereby successfully concluding this specific debt instrument.