Bond Nordrhein-Westphalie Land 2.125% ( DE000NRW23P6 ) in EUR

Issuer	Nordrhein-Westphalie Land
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NRW23P6 ( in EUR )
Interest rate	2.125% per year ( payment 1 time a year)
Maturity	15/10/2026
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Minimal amount	1 000 EUR
Total amount	150 000 000 EUR
Next Coupon	15/10/2026 ( In 123 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 new debt instrument from Nordrhein-Westfalen Land, identified by the ISIN code DE000NRW23P6, is currently observed on the market, presenting an investment opportunity within the European bond landscape. This bond, issued from Germany, is a direct obligation of Nordrhein-Westfalen Land, one of the Federal Republic of Germany's most significant and populous federal states. As an issuer, Nordrhein-Westfalen Land benefits from a robust and diversified economic base, encompassing key industries and contributing substantially to Germany's overall economic output, thereby underpinning its strong credit profile as a sub-sovereign entity. The bond is denominated in Euro (EUR) and features a fixed annual interest rate (coupon) of 2.125%, with payments scheduled once per year. With a maturity date set for October 15, 2026, it offers a defined term for investors. The total issuance size stands at EUR 150,000,000, reflecting a substantial offering in the market. Its current market price is at 100% of its nominal value, indicating it is trading at par. The minimum lot size for participation in this specific bond is set at EUR 1,000, catering to both institutional and individual investors seeking exposure to a stable European governmental entity's debt.