Bond AZ Bank 2.9% ( XS2221934602 ) in CNY

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	XS2221934602 ( in CNY )
Interest rate	2.9% per year ( payment 1 time a year)
Maturity	26/08/2025 - Bond has expired
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Minimal amount	1 000 000 CNY
Total amount	148 000 000 CNY
Detailed description	DZ Bank is a German investment bank headquartered in Frankfurt, offering a range of services including corporate banking, investment banking, and asset management. A detailed analysis of the fixed-income market reveals an offering from DZ Bank, identified by ISIN XS2221934602, currently trading at par at 100% of its nominal value. The issuer, DZ Bank, serves as the central institution for Germany's extensive cooperative banking sector, providing a comprehensive range of banking and financial services to its member banks and their clients, and playing a pivotal role in the German financial landscape. This particular debt instrument, denominated in Chinese Yuan (CNY), offers an annual coupon rate of 2.9%, with interest payments disbursed once per year. Originating from Germany, the bond is set to mature on August 26, 2025. The total volume of this issue amounts to CNY 148,000,000, with a specified minimum investment threshold of CNY 1,000,000, making it accessible to institutional investors or high-net-worth individuals.