Bond Nordrhein-Westphalie Land 2.571% ( DE000NRW0NU7 ) in EUR

Issuer Nordrhein-Westphalie Land
Market price refresh price now   100 %  ⇌ 
Country  Germany
ISIN code  DE000NRW0NU7 ( in EUR )
Interest rate 2.571% per year ( payment 1 time a year)
Maturity 31/01/2063



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Minimal amount /
Total amount 50 000 000 EUR
Next Coupon 31/01/2027 ( In 231 days )
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.

A significant fixed-income instrument currently drawing market attention is the bond identified by ISIN DE000NRW0NU7, issued by Nordrhein-Westfalen Land. Nordrhein-Westfalen, or North Rhine-Westphalia, stands as Germany's most populous state and a cornerstone of the nation's economic output, boasting a highly diversified economy that encompasses robust industrial sectors alongside a thriving service industry. As a federal state within Germany, its financial instruments are generally perceived with high creditworthiness, often benefiting from the strong sovereign rating of the Federal Republic and the implicit support mechanisms for its constituent states, thereby offering a relatively low-risk investment profile. This particular offering, denominated in Euros (EUR), is currently trading at its par value of 100% on the market, indicating its alignment with prevailing market conditions or recent issuance. It carries a fixed annual interest rate, or coupon, of 2.571%, providing predictable income to investors. The total volume of this bond issuance amounts to EUR 50,000,000, representing a strategic long-term financing initiative by the state. Notably, the bond features a distant maturity date of January 31, 2063, classifying it as a long-dated security and highlighting Nordrhein-Westfalen Land's commitment to securing long-term funding, with interest payments scheduled annually.