Bond Kommerzbank AG 0% ( XS1751693000 ) in USD

Issuer Kommerzbank AG
Market price 100 %  ⇌ 
Country  Germany
ISIN code  XS1751693000 ( in USD )
Interest rate 0%
Maturity 26/01/2023 - 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 bond identified by ISIN XS1751693000, issued by Commerzbank AG, a prominent German financial institution, has successfully matured and been fully repaid to investors on January 26, 2023; Commerzbank AG, headquartered in Frankfurt, Germany, is one of the largest and most significant banks in Germany, renowned for its comprehensive banking services to both private and corporate clients globally, establishing itself as a key participant in international financial markets through its diverse operations spanning commercial banking, investment banking, and asset management. This specific debt instrument, denominated in US Dollars, was characterized as a zero-coupon bond, implying it did not generate periodic interest payments but was designed for redemption at its face value upon reaching maturity, with its market price at the time of repayment confirmed at 100% of its nominal value. The total original issuance size for this bond was $5,000,000, with a minimum lot size for investor participation set at $1,000. While a payment frequency of 2 was listed, typically indicative of semi-annual interest distributions, the zero-coupon nature of this particular bond meant that no regular coupon payments were disbursed, with investors' ultimate return being realized through the full redemption value at maturity rather than through ongoing interest income. The successful and timely repayment of this bond, which originated from Germany, serves to affirm the issuer's robust financial integrity and its consistent adherence to its debt obligations.