Bond Nordrhein-Westphalie Land 0% ( DE000NRW0L51 ) in EUR

Issuer	Nordrhein-Westphalie Land
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NRW0L51 ( in EUR )
Interest rate	0%
Maturity	11/03/2039
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Minimal amount	1 000 EUR
Total amount	100 000 000 EUR
Detailed description	North Rhine-Westphalia is Germany's most populous state, a highly industrialized region with significant contributions to the country's economy and a rich cultural heritage encompassing historic cities like Cologne and Düsseldorf. Market participants are currently observing a bond (ISIN: DE000NRW0L51) issued by Nordrhein-Westfalen Land, Germany's most populous and economically robust federal state, which, as a significant industrial and economic engine for the nation, typically exhibits a very strong credit profile akin to a sovereign entity, reflecting the substantial fiscal capacity and stability that underpin its financial obligations; this particular debt instrument is a zero-coupon bond, meaning it carries a 0% interest rate and investors do not receive periodic payments but realize returns from capital appreciation at its maturity on March 11, 2039, with its current market price standing at 100% of its nominal value in EUR, representing a portion of the total issuance size of EUR 100,000,000, available for trading in minimum lots of EUR 1,000, and its listed payment frequency of 1 denotes the single principal redemption occurring at the bond's maturity date.