Bond LBBW Förderbank 0% ( DE000A3KK6J4 ) in EUR

Issuer	LBBW Förderbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000A3KK6J4 ( in EUR )
Interest rate	0%
Maturity	27/10/2056 - Bond has expired
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Minimal amount	/
Total amount	10 000 000 EUR
Detailed description	Landeskreditbank Baden-Württemberg (L-Bank) is a state-owned promotional bank in Baden-Württemberg, Germany, providing financing and support for businesses, municipalities, and individuals. This financial article details the specifics of a recently matured and repaid bond, identified by ISIN DE000A3KK6J4. The bond was issued by Landeskreditbank Baden-Württemberg - Förderbank -, a state-owned promotional bank (Förderbank) based in Germany, specifically serving the state of Baden-Württemberg. As a public law credit institution, its core mission revolves around supporting economic development, housing, infrastructure, and agriculture within the region through financial programs and instruments. Issued in Germany and denominated in EUR, this obligation had a total issue size of 10,000,000.00 EUR. Notably, the bond featured a 0% interest rate, indicating its likely structure as a zero-coupon instrument, where investors typically purchase the bond at a discount and receive the face value upon its maturity. With an original maturity date of October 27, 2056, the bond has successfully reached this milestone and has been fully repaid. Its market price at the point of repayment stood at 100%, confirming the complete reimbursement of principal to all bondholders.