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ItalianoBond Landesbank Baden-Wuerttemberg (LBBW) 0.02% ( DE000LB13CZ6 ) in EUR
| Issuer | Landesbank Baden-Wuerttemberg (LBBW) | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Germany
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| ISIN code |
 DE000LB13CZ6 ( in EUR )
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| Interest rate | 0.02% per year ( payment 1 time a year) | ||||||||
| Maturity | 25/10/2023 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 EUR | ||||||||
| Total amount | 24 000 000 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 financial overview of the recently matured bond (ISIN: DE000LB13CZ6) provides insight into its characteristics and successful redemption. The issuer of this fixed-income instrument is Landesbank Baden-Wuerttemberg (LBBW), a prominent German universal bank headquartered in Stuttgart. LBBW holds a significant position within the German financial landscape, serving as a central clearing institution for savings banks in Baden-Württemberg while also functioning as a comprehensive commercial bank for corporate and retail clients. Furthermore, it acts as a development bank for the state of Baden-Württemberg, benefiting from public sector ownership that provides a stable institutional backing for its diverse operations, which span corporate banking, capital markets, retail banking, and asset management. Issued in Germany and denominated in EUR, this bond had a total issue size of 24,000,000 EUR, with a minimum lot size of 1,000 EUR for investors. Featuring an annual interest rate of 0.02%, the bond reached its scheduled maturity on October 25, 2023, and was subsequently redeemed at 100% of its nominal value, marking the conclusion of its lifecycle. |
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