Bond Norddeutsche Landesbank 1.1% ( DE000NLB27M1 ) in EUR

Issuer	Norddeutsche Landesbank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NLB27M1 ( in EUR )
Interest rate	1.1% per year ( payment 1 time a year)
Maturity	05/07/2032 - 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. This financial article details the status of the fixed-income instrument identified by ISIN DE000NLB27M1, a bond issued by Norddeutsche Landesbank -Girozentrale- (NORD/LB), a significant German Landesbank predominantly owned by the federal states of Lower Saxony and Saxony-Anhalt, and the Savings Banks Association of Lower Saxony, playing a crucial role in public sector finance, real estate, and corporate banking within Germany. With a nominal annual interest rate of 1.1% and an original total issue size of 50,000,000 EUR, made available in minimum lots of 500 EUR, this EUR-denominated bond, initially issued from Germany, has now reached its scheduled maturity date of July 5, 2032, and has been fully redeemed at its 100% market price, successfully concluding its lifecycle as a fully honored debt obligation.