Bond Wiederaufbaukreditanstalt 1.5% ( DE000A1R0709 ) in EUR

Issuer	Wiederaufbaukreditanstalt
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A1R0709 ( in EUR )
Interest rate	1.5% per year ( payment 1 time a year)
Maturity	11/06/2024 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	6 000 000 000 EUR
Detailed description	The Kreditanstalt für Wiederaufbau (KfW) is a German state-owned promotional bank that provides loans and other financial services to promote economic development in Germany and abroad. The financial markets recently witnessed the successful conclusion of the debt instrument identified by ISIN DE000A1R0709, issued by Kreditanstalt für Wiederaufbau (KfW), which has now fully matured and been repaid. KfW, a public law institution and Germany's official promotional bank, is wholly owned by the Federal Republic of Germany and plays a pivotal role in national and international development policies, fostering sustainable economic, social, and ecological improvements, reflecting its exceptional credit standing often backed by an explicit state guarantee. This particular Euro-denominated bond, a cornerstone of KfW's funding strategy, was originally issued in Germany with a substantial total volume of ?6,000,000,000 and featured a fixed annual coupon rate of 1.5%, catering to investors with a minimum purchase size of ?1,000. Having reached its scheduled maturity date on June 11, 2024, the bond, which was observed trading at 100% of its par value prior to redemption, has now fulfilled its lifecycle, with all principal and final interest payments disbursed, underscoring the issuer's consistent commitment to its financial obligations.