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ItalianoBond AZ Bank 1.22% ( DE000DD5AAL7 ) in EUR
| Issuer | AZ Bank |
| Market price | 100 % ⇌ |
| Country |  Germany
|
| ISIN code |
 DE000DD5AAL7 ( in EUR )
|
| Interest rate | 1.22% per year ( payment 1 time a year) |
| Maturity | 30/12/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 100 000 EUR |
| Total amount | 25 000 000 EUR |
| Detailed description |
DZ Bank is a German investment bank headquartered in Frankfurt, offering a range of services including corporate banking, investment banking, and asset management. The fixed-income market recently saw the conclusion of the DE000DD5AAL7 bond, issued by DZ Bank, a significant German cooperative financial institution that functions as the central bank for approximately 700 cooperative banks across the Volksbanken Raiffeisenbanken network, anchoring a substantial portion of the nation's retail banking sector. This EUR-denominated security, originating from Germany with a total issue size of EUR 25,000,000 and a minimum lot size for investment of EUR 100,000, carried an interest rate of 1.22% with annual payment frequency, and was observed trading at 100% of its face value prior to its maturity on December 30, 2024, at which point it was fully redeemed, thereby completing its lifecycle in investors' portfolios. |