Bond Hamburg Hansestadt 0% ( DE000A2LQPB3 ) in EUR

Issuer	Hamburg Hansestadt
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A2LQPB3 ( in EUR )
Interest rate	0%
Maturity	07/04/2026
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Minimal amount	1 000 EUR
Total amount	750 000 000 EUR
Detailed description	Hamburg, a Free and Hanseatic city, is Germany's second-largest city, a major port, and a significant cultural and economic center. A notable fixed-income instrument currently drawing attention in the European financial markets is the bond issued by the Free and Hanseatic City of Hamburg, identified by the ISIN DE000A2LQPB3. The issuer, the Free and Hanseatic City of Hamburg, is one of Germany's 16 federal states and its second-largest city, renowned globally as a major economic powerhouse and port city. With a robust industrial base spanning aerospace, logistics, and media, coupled with strong public finances and a stable economic environment as part of Germany, Hamburg's debt instruments are typically considered of very high credit quality, reflecting the financial stability and strength of a key German federal entity. This particular bond, denominated in Euros (EUR) and issued from Germany, boasts a total issuance size of EUR 750,000,000, with a minimum purchase increment set at EUR 1,000. Its maturity date is scheduled for April 7, 2026. A distinctive feature of this obligation is its 0% interest rate, categorizing it as a zero-coupon bond. Such instruments do not provide periodic coupon payments; instead, the investor's return traditionally stems from purchasing the bond at a discount to its face value and receiving the full principal amount at maturity. However, with its current market price standing at 100% of par, investors acquiring this bond at today's valuation would effectively realize a 0% yield to maturity, implying that it functions primarily as a principal preservation vehicle, returning the original capital invested at its maturity date, with the listed payment frequency of one referring to this singular principal repayment at the bond's maturity.