Bond Kommerzbank AG 0% ( XS1728583763 ) in USD

Issuer	Kommerzbank AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS1728583763 ( in USD )
Interest rate	0%
Maturity	14/11/2023 - 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. A recently matured financial instrument, identified by ISIN XS1728583763, was a bond issued by Commerzbank AG, a prominent German financial institution and one of the country's leading banks with extensive operations in retail and corporate banking services. This particular bond, originating from Germany and denominated in USD, featured a 0% interest rate, indicating its structure as a zero-coupon instrument, and had a total issuance size of 5,000,000 with a minimum lot size for investors set at 1,000. Although its payment frequency was stipulated as semi-annual, its zero-coupon nature meant no periodic interest disbursements were made; the bond reached its maturity date on November 14, 2023, at which point it was fully redeemed at its final market price of 100%, thus concluding its lifecycle as it was reimbursed to its holders.