Bond Hessen-Thüringen Landesbank 0% ( DE000HLB4DT1 ) in EUR

Issuer	Hessen-Thüringen Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000HLB4DT1 ( in EUR )
Interest rate	0%
Maturity	15/03/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	100 000 000 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. This financial analysis details the bond identified by ISIN DE000HLB4DT1, issued by Landesbank Hessen-Thueringen (Helaba). Helaba, a pivotal German Landesbank (state bank) based in Frankfurt am Main, serves as a central bank for numerous savings banks in Hesse, Thuringia, and Saxony, and is also a significant player in corporate banking, real estate financing, and capital markets. The institution is an integral part of the Sparkassen-Finanzgruppe, Germany's largest financial group, playing a crucial role in regional economic development and providing a broad range of banking services. This specific debt instrument, denominated in EUR, originated from Germany and represented a total issuance volume of 100,000,000, with individual units available in minimum increments of 1,000. A key characteristic of this bond was its 0% interest rate, classifying it as a zero-coupon or deeply discounted instrument, which typically pays no periodic interest but is designed to be redeemed at its nominal value. Indeed, upon its maturity on March 15, 2022, the bond was successfully redeemed at 100% of its principal value, concluding its financial lifecycle as indicated by its current status.