Bond Badenia-Wuerttemberg Bank 1.6% ( DE000LB0XYV1 ) in EUR

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB0XYV1 ( in EUR )
Interest rate	1.6% per year ( payment 1 time a year)
Maturity	12/01/2023 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	50 000 000 EUR
Detailed description	Landesbank Baden-Württemberg (LBBW) is a German public-sector bank headquartered in Stuttgart, offering a wide range of financial services to corporate and public-sector clients, both domestically and internationally. A recently matured fixed-income instrument, the bond identified by ISIN DE000LB0XYV1, issued by the prominent German financial institution Landesbank Baden-Wuerttemberg (LBBW), concluded its lifecycle on January 12, 2023; Landesbank Baden-Wuerttemberg (LBBW) stands as a significant public-sector financial institution in Germany, serving as the central bank for numerous savings banks in its home region of Baden-Württemberg, a leading commercial bank for corporate and retail clients, and a key player in capital markets, owned primarily by the state of Baden-Württemberg and the regional savings bank associations, boasting a robust financial profile and a comprehensive range of banking services across various sectors, including corporate finance, retail banking, and asset management, reinforcing its position as a pillar of the German financial landscape; this specific debt instrument, denominated in Euros (EUR), carried an annual interest rate of 1.6%, with its total issuance size amounting to EUR 50,000,000 and a minimum trading lot size set at EUR 1,000; notably, at its maturity on January 12, 2023, the bond was quoted at its par value of 100% in the market, signaling its successful and full redemption according to its original terms.