Bond Sachsen-Anhalt 0.01% ( DE000A2E4DM9 ) in EUR

Issuer	Sachsen-Anhalt
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A2E4DM9 ( in EUR )
Interest rate	0.01% per year ( payment 1 time a year)
Maturity	07/01/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	70 000 000 EUR
Detailed description	Saxony-Anhalt is a German state in central Germany, known for its historical sites, including medieval towns like Quedlinburg and Magdeburg, and its significant role in German history. Recently, a bond issued by the German federal state of Saxony-Anhalt, identified by ISIN DE000A2E4DM9, reached its maturity date on January 7, 2022, and has subsequently been redeemed. Saxony-Anhalt, one of Germany's sixteen federal states (Länder), represents a sub-sovereign entity within the highly stable economic and political framework of the Federal Republic of Germany. Its financial instruments, including this bond, benefit from the strong credit profile associated with the German sovereign and its robust fiscal equalization system among the states, which generally underscores a high degree of security for investors. This specific Euro-denominated (EUR) obligation had an original total issue size of ?70,000,000, offered with a minimum lot size of ?1,000, making it accessible to a broad spectrum of institutional and retail investors. It featured a fixed annual interest rate of 0.01%, reflecting the prevailing low-yield environment during its issuance period. With its maturity achieved, and consistent with its market valuation at 100% of its face value, the bond has been fully repaid, concluding the investment cycle for its holders.