Bond LBBW 0% ( XS2704919104 ) in EUR

Issuer	LBBW
Market price	100 % ⇌
Country	Germany
ISIN code	XS2704919104 ( in EUR )
Interest rate	0%
Maturity	10/10/2024 - Bond has expired
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Detailed description	Landesbank Baden-Württemberg (LBBW) is a German public-sector bank headquartered in Stuttgart, offering a wide range of financial services to corporate and public sector clients, both domestically and internationally. An important update highlights the recent maturation and successful redemption of the bond identified by ISIN code XS2704919104, an instrument issued by Landesbank Baden-Württemberg, a significant public-sector bank based in Germany and recognized as one of the largest state banks within the country. This particular debt security, denominated in Euros (EUR) and originating from Germany, was structured with a 0% interest rate, effectively operating as a zero-coupon bond, and achieved its scheduled maturity on October 10, 2024. Prior to its maturity, the bond was observed trading at 100% of its par value on the market, affirming its imminent full repayment, meaning that investors holding this obligation have now received their principal, as the bond has officially completed its term and been fully redeemed.