Bond Hessen-Thüringen Landesbank 0% ( DE000HLB1WT7 ) in EUR

Issuer	Hessen-Thüringen Landesbank
Market price	100 % ▲
Country	Germany
ISIN code	DE000HLB1WT7 ( in EUR )
Interest rate	0%
Maturity	16/12/2029
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 EUR
Total amount	25 000 000 EUR
Detailed description	Helaba is a German Landesbank, serving Hesse and Thuringia, providing commercial and investment banking services to businesses, public institutions, and private individuals. Comprehensive Overview: Helaba's EUR 25 Million Zero-Coupon Bond Issuance Maturing 2029 This report provides a detailed financial overview of a recent bond issuance by Landesbank Hessen-Thueringen (Helaba), identified by its International Securities Identification Number (ISIN) DE000HLB1WT7. This specific instrument presents distinct characteristics, notably its zero-coupon structure, which warrants close examination by investors. Issuer Profile: Landesbank Hessen-Thueringen (Helaba) Landesbank Hessen-Thueringen, commonly known as Helaba, is a prominent German commercial bank and a central clearing institution for savings banks in the states of Hesse and Thuringia. As one of Germany's leading Landesbanken, Helaba operates as a public-sector financial institution with a strong regional focus. It offers a comprehensive range of financial services including corporate banking, real estate financing, capital markets services, and asset management. Its ownership structure typically involves the federal states of Hesse and Thuringia, as well as the Sparkassen- und Giroverband Hessen-Thüringen (Savings Banks and Giro Association of Hesse-Thuringia), underpinning its systemic importance within the German financial landscape and implying a strong implicit backing from its public sector owners. Bond Specifics and Market Context The instrument in question is a bond, specifically structured as a zero-coupon offering. Its unique identifier is ISIN DE000HLB1WT7. The bond was issued out of Germany, placing it under German regulatory oversight. A key characteristic of this bond is its 0% interest rate, classifying it as a zero-coupon bond. Such instruments do not provide periodic interest payments. Instead, their return typically stems from being issued at a discount to their face value, with investors receiving the full par value upon maturity. However, the current market price of this particular bond is listed at 100% of its par value. For a zero-coupon bond trading at par, this implies that an investor purchasing at this price would realize no capital gain if held to maturity, assuming it redeems at par. This peculiar pricing could suggest the bond was initially issued at a discount and has since traded up to par, or it might be associated with specific capital protection features not explicitly detailed in the provided data, or perhaps reflects a very unique market condition for this particular issuance. The bond is denominated in Euro (EUR). The total size of the issuance is EUR 25,000,000, indicating a moderately sized offering in the primary market. The minimum investment lot is set at EUR 1,000, which makes it relatively accessible to a broader range of investors, including smaller institutional accounts and potentially high-net-worth individuals. The bond is set to mature on December 16, 2029, providing a mid-term investment horizon for prospective holders. Despite the 0% coupon, the reported payment frequency of '1' typically denotes annual settlement, which, in this zero-coupon context, would refer to the single principal redemption that occurs at maturity. The combination of a zero-coupon structure and a current market price at par presents a nuanced investment proposition. For a traditional zero-coupon bond, the yield to maturity would be calculated based on the discount from par at which it was purchased. Given its current par pricing and a 2029 maturity, the immediate yield for new buyers would effectively be zero if held to redemption, barring any unstated features or if the primary intention for acquiring this bond is purely capital preservation in a specific portfolio context. Its classification as a bond from a reputable German Landesbank may attract investors seeking exposure to a high-quality issuer within the Eurozone, potentially for liquidity management or as a component in a diversified portfolio where capital preservation is prioritized over income generation.