Bond Norddeutsche Landesbank 0.9% ( DE000NLB2526 ) in EUR

Issuer	Norddeutsche Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NLB2526 ( in EUR )
Interest rate	0.9% per year ( payment 1 time a year)
Maturity	26/07/2024 - Bond has expired
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Minimal amount	500 EUR
Total amount	50 000 000 EUR
Detailed description	Norddeutsche Landesbank Girozentrale (NordLB) is a German public-sector bank primarily serving the northern German states, offering a range of commercial and investment banking services. An analysis of the DE000NLB2526 bond instrument reveals its recent successful redemption, marking the conclusion of its lifecycle on July 26, 2024. This specific bond was issued by Norddeutsche Landesbank -Girozentrale-, widely recognized as NORD/LB, a prominent German Landesbank operating as a publicly owned credit institution that serves both as a commercial bank and as a central bank for savings banks in its respective regions, playing a significant role in financing public infrastructure and supporting regional economies within Germany, its country of issuance. The bond, denominated in EUR, featured an annual interest rate of 0.9% and constituted a total issuance size of EUR 50,000,000, with a minimum purchase lot set at EUR 500 and an annual payment frequency. Upon reaching its maturity date, the instrument was fully redeemed at 100% of its nominal value, concluding its term and ensuring the principal repayment to its holders as per the original terms of its issuance.