Bond Nordrhein-Westphalie Land 2% ( DE000NRW23G5 ) in EUR

Issuer	Nordrhein-Westphalie Land
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NRW23G5 ( in EUR )
Interest rate	2% per year ( payment 1 time a year)
Maturity	13/03/2024 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	30 000 000 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. An analysis of the fixed-income market spotlights the bond identified by ISIN DE000NRW23G5, a security issued by Nordrhein-Westfalen Land. Nordrhein-Westfalen Land, a prominent and economically robust federal state within Germany, acts as the issuer, whose creditworthiness is intrinsically linked to the sovereign stability of the Federal Republic, making its debt instruments a staple for investors seeking stable returns within the Eurozone. This particular Euro-denominated bond featured an annual interest rate of 2% and was part of a total issuance valued at EUR 30,000,000, with a minimum lot size for investment set at EUR 1,000 and annual payment frequency. Originally slated for maturity on March 13, 2024, and having traded at a market price of 100% as it approached its redemption, it has been officially confirmed that this obligation has successfully reached its maturity date and has subsequently been fully redeemed by the issuer, completing its lifecycle as a financial instrument.