Bond Österreichische Kontrollbank AG 0% ( AT0000A1Z6F0 ) in EUR

Issuer	Österreichische Kontrollbank AG
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A1Z6F0 ( in EUR )
Interest rate	0%
Maturity	19/12/2022 - Bond has expired
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Minimal amount	1 000 000 EUR
Total amount	500 000 000 EUR
Detailed description	The Oesterreichische Kontrollbank (OeKB) is Austria's promotional bank, supporting export financing, project finance, and other activities to boost the Austrian economy. A recently matured bond issued by the Oesterreichische Kontrollbank, identified by ISIN code AT0000A1Z6F0, reached its full repayment on December 19, 2022, concluding its lifecycle. This fixed-income instrument, denominated in Euros, represented a total issuance size of 500,000,000 EUR, with a minimum trading tranche established at 1,000,000 EUR. The Oesterreichische Kontrollbank (OeKB) is a highly respected specialized financial institution based in Austria, primarily functioning as the country's official export credit agency and a key service provider for the Austrian capital market. It plays a pivotal role in supporting Austrian businesses' international trade activities and facilitating capital market operations, with its debt instruments often enjoying very high credit quality due to its strong ties and implicit or explicit backing from the Republic of Austria. Notably, this bond carried a zero-percent interest rate, indicating that it did not provide periodic coupon payments but rather returned its full principal value at maturity, consistent with its payment frequency of one. At the point of its maturity, the bond was valued at 100% of its face value in the market, confirming its successful redemption as per its original terms, thus completing its issuance journey from Austria.