Bond Nordrhein-Westfalen 0% ( DE000NRW2061 ) in EUR

Issuer	Nordrhein-Westfalen
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NRW2061 ( in EUR )
Interest rate	0%
Maturity	14/11/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	40 000 000 EUR
Detailed description	North Rhine-Westphalia is Germany's most populous state, a highly industrialized region encompassing major cities like Cologne, Düsseldorf, and Dortmund, with a diverse economy spanning manufacturing, technology, and services. An analysis of the bond identified by ISIN DE000NRW2061, issued by North Rhine-Westphalia, a major and economically robust federal state within Germany known for its significant contribution to the national GDP and fiscal prudence, highlights its key characteristics and lifecycle. This debt instrument, denominated in EUR, represented a total issuance size of EUR 40,000,000, with a minimum investment lot set at EUR 1,000. Distinctively, the bond featured a 0% interest rate, classifying it as a zero-coupon security, implying that its return was derived from its issuance at a discount or its repayment at par at its sole payment event. Issued from Germany, the bond's maturity date was set for November 14, 2022, at which point its market price stood at 100%, affirming its par value, and has subsequently been fully redeemed upon reaching maturity.