Bond AZ Bank 1.29% ( DE000DG4UF35 ) in EUR

Issuer	AZ Bank
Market price	100 % ▲
Country	Germany
ISIN code	DE000DG4UF35 ( in EUR )
Interest rate	1.29% per year ( payment 1 time a year)
Maturity	21/04/2031
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Minimal amount	100 000 EUR
Total amount	10 000 000 EUR
Next Coupon	22/04/2026 ( In 176 days )
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. DZ Bank, a pivotal institution within the German cooperative financial network, has unveiled a new Euro-denominated bond, identified by its International Securities Identification Number (ISIN) DE000DG4UF35, offering a fixed-income investment opportunity. As the central bank for Germany's cooperative banks and one of the country's largest financial service providers, DZ Bank AG plays a significant role in the German financial landscape, extending a wide array of banking and capital market services to its member institutions and corporate clients, reinforcing its position as a substantial and reliable issuer in the European debt market. This particular debt instrument is set to mature on April 21, 2031, providing investors with a medium-to-long term horizon for their capital. It carries a coupon, or annual interest rate, of 1.29%, which is paid out annually, ensuring a consistent income stream for bondholders. The total size of this bond issuance amounts to ?10,000,000, indicating a moderately sized offering available to the market. For potential investors, the minimum purchase size has been established at ?100,000, thereby typically targeting institutional investors or high-net-worth individuals. Currently, the bond is trading at its par value of 100% on the market, signifying that its current market price aligns precisely with its face value. Denominated in Euros (EUR) and issued from Germany, a nation renowned for its robust economy and stable financial environment, the bond inherently benefits from the perceived low sovereign risk and strong regulatory oversight associated with German financial instruments.