Bond AZ Bank 0% ( DE000DD5ATP8 ) in EUR

Issuer	AZ Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000DD5ATP8 ( in EUR )
Interest rate	0%
Maturity	29/12/2025
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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. Market participants are currently observing details regarding a new debt instrument issued by DZ Bank, identified by ISIN DE000DD5ATP8. DZ Bank, as the central institution for Germany's extensive cooperative banking network, plays a pivotal role in the German financial landscape, serving as a liquidity manager, service provider, and wholesale bank for over 700 cooperative banks (Volksbanken Raiffeisenbanken) across the country, making it one of Germany's largest financial institutions and a significant player in European banking. This particular bond, issued from Germany and denominated in EUR, is presently quoted at a market price of 100%. Of notable interest is its 0% interest rate, indicating it functions as a zero-coupon instrument or a bond with no periodic coupon payments, with investors typically realizing returns from a discount at issuance or premium at redemption, maturing specifically on December 29, 2025. The total size of this bond issuance amounts to EUR 25,000,000, with a minimum lot size for investment set at EUR 100,000. While the payment frequency is indicated as 1, given the zero-coupon characteristic, this would typically imply a single principal repayment at maturity.