Bond Badenia-Wuerttemberg Bank 2.98% ( DE000LB1P5N3 ) in USD

Issuer	Badenia-Wuerttemberg Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000LB1P5N3 ( in USD )
Interest rate	2.98% per year ( payment 2 times a year)
Maturity	12/04/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	24 000 000 USD
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. This financial overview details a specific bond issuance, identified by ISIN DE000LB1P5N3, which was originated by Landesbank Baden-Wuerttemberg (LBBW), a prominent German Landesbank and one of the largest state-backed financial institutions in Germany, offering a comprehensive range of banking and financial services to corporate clients, public sector entities, and private individuals across its diverse operations. The bond, issued from Germany and denominated in USD, featured a fixed interest rate of 2.98% and represented a total issuance size of $24,000,000, with a minimum investment lot of $1,000; this debt instrument, which had a maturity date of April 12, 2022, with interest payments made twice annually, has successfully reached its maturity and been fully redeemed at its par value of 100%.