Bond Kommerzbank AG 0% ( XS1715814783 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1715814783 ( in USD )
Interest rate	0%
Maturity	25/10/2023 - 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. Frankfurt, Germany ? A recent and significant event in the fixed income market was marked by the successful maturity and subsequent redemption of the Commerzbank AG bond identified by ISIN XS1715814783. This debt instrument, issued out of Germany, concluded its term precisely on October 25, 2023, with its principal fully repaid to investors at 100% of its face value. Commerzbank AG, a prominent financial institution headquartered in Frankfurt am Main, Germany, stands as one of the country's leading commercial banks with a history stretching back to 1870, providing a comprehensive range of banking and financial services to private, corporate, and institutional clients globally, solidifying its position as a key player in the European financial landscape. The bond, denominated in United States Dollars (USD), was notably a zero-coupon instrument, meaning it did not disburse periodic interest payments to bondholders throughout its tenor; instead, investors would have acquired the bond at a discount to its par value, anticipating to receive the full face value upon maturity. The total issuance size for this particular debt security amounted to USD 5,000,000, structured with a minimum lot size for investment participation set at USD 1,000. While a 'payment frequency' of two was indicated, it is important to clarify that for a zero-coupon bond, this typically refers to the convention applied to coupon-paying instruments, and in this specific instance, the singular payment event for investors was the principal redemption at maturity. The successful redemption on its scheduled maturity date underscores Commerzbank AG's steadfast commitment to its debt obligations, ensuring a clear and orderly capital return to bondholders who held this specific security through its full term.