Bond DZ BANK AG 4.5% ( XS2689047434 ) in USD

Issuer	DZ BANK AG
Market price	100 % ⇌
Country	Germany
ISIN code	XS2689047434 ( in USD )
Interest rate	4.5% per year ( payment 1 time a year)
Maturity	17/10/2025
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Next Coupon	17/10/2025 ( In 70 days )
Detailed description	DZ BANK AG, headquartered in Frankfurt am Main, is Germany's central cooperative bank, providing banking and financial services to cooperative banks and their customers nationwide. An in-depth analysis of a specific fixed-income instrument, identified by ISIN code XS2689047434, reveals it to be a bond issued by DZ BANK AG Deutsche Zentral-Genossenschaftsbank Frankfurt am Main. DZ BANK AG, a pivotal financial institution headquartered in Germany, serves as the central institution and wholesale bank for the extensive network of over 700 independent cooperative banks (Volksbanken Raiffeisenbanken) across Germany, providing crucial financial services, liquidity management, and central clearing functions, which solidifies its position as a highly significant and systemically integrated entity within the German banking sector, underpinned by a resilient cooperative structure. This particular debt instrument, originated in Germany, is currently quoted at 100% of its par value in the market. Denominated in United States Dollars (USD), the bond offers investors a fixed annual interest rate of 4.5%, with its maturity date firmly set for October 17, 2025, and interest distributions structured to occur on an annual basis.