Bond Hamburger Sparkasse GmbH 0.01% ( DE000A254YU1 ) in EUR

Issuer	Hamburger Sparkasse GmbH
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A254YU1 ( in EUR )
Interest rate	0.01% per year ( payment 1 time a year)
Maturity	11/02/2028
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Minimal amount	/
Total amount	500 000 000 EUR
Next Coupon	11/02/2026 ( In 57 days )
Detailed description	Hamburger Sparkasse AG is a German savings bank headquartered in Hamburg, offering a range of financial services including deposit accounts, loans, investment products, and payment services to private and corporate clients. Hamburger Sparkasse AG Issues EUR 500 Million Bond (ISIN: DE000A254YU1) Targeting Fixed Income Investors A recent bond issuance by Hamburger Sparkasse AG, identified by the International Securities Identification Number (ISIN) DE000A254YU1, represents a significant fixed-income instrument originating from Germany. This Euro-denominated debt security offers investors exposure to the German financial sector through a regulated and established issuer. Hamburger Sparkasse AG, commonly known as Haspa, is one of Germany's largest and oldest savings banks, distinguished by its deep-rooted presence within the Hamburg metropolitan region and across Northern Germany. As a key player in the German banking landscape, Haspa provides a comprehensive array of financial services, ranging from retail and private banking to corporate finance and asset management, serving a broad base of private and corporate clients. Its long operational history, robust regional footprint, and status as a public-law institution contribute to its strong market position and perceived credit stability within the highly regulated German banking industry. The bond in question is a direct obligation of Hamburger Sparkasse AG, bearing the ISIN DE000A254YU1. This particular offering has a substantial total issue size of EUR 500,000,000, signifying a considerable capital raise by the issuer. It features an annual interest rate of 0.01%, which is remarkably low and reflective of either the prevailing ultra-low interest rate environment at the time of issuance or the issuer's strong credit standing enabling highly competitive borrowing costs. Interest payments are scheduled to occur with an annual frequency. The security is set to mature on February 11, 2028, providing a defined investment horizon for bondholders. As of the current market valuation, the bond is trading at 100% of its face value, indicating that it is priced at par and that its yield to maturity is effectively aligned with its coupon rate, assuming no material changes in market conditions or the issuer's credit profile since its offering.