Bond Norddeutsche Privatbank 1% ( DE000HSH50C8 ) in EUR
| Issuer | Norddeutsche Privatbank |
| Market price | 100 % ⇌ |
| Country | Germany
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| ISIN code |
DE000HSH50C8 ( in EUR )
|
| Interest rate | 1% per year ( payment 1 time a year) |
| Maturity | 27/04/2021 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 EUR |
| Total amount | 10 000 000 EUR |
| Detailed description |
HSH Nordbank is a German commercial bank specializing in financing large-scale infrastructure projects and providing financial services to corporate and institutional clients. A detailed review of the debt capital markets highlights the recent conclusion of a bond issuance identified by the International Securities Identification Number (ISIN) DE000HSH50C8, originating from the German financial institution HSH Nordbank. HSH Nordbank, historically recognized as one of Germany's major Landesbanks with strong ties to the federal states of Hamburg and Schleswig-Holstein, operated as a significant commercial bank before undergoing a complex restructuring and eventual privatization, transforming into Hamburg Commercial Bank (HCOB). This specific bond, denominated in Euros (EUR), was a notable component of the bank's past funding activities, having been issued from Germany. It featured an annual interest rate of 1.00%, indicative of the prevailing yield environment at the time of its issuance. The total size of this particular bond issuance amounted to ?10,000,000, providing substantial liquidity within the market, while the minimum investment lot for participants was set at ?1,000, facilitating broader access for investors. Coupon payments for this instrument were scheduled annually, ensuring a predictable income stream for bondholders throughout its term. The bond's definitive maturity date was April 27, 2021. Critically, as of its maturity, the instrument was confirmed to have been fully repaid to its holders, with its market price at redemption recorded at 100% of its nominal value, signifying that all principal was returned as per the bond's terms and conditions. This successful and timely repayment marks the complete fulfillment of this financial obligation by the issuer. |
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