Bond NRW Bank 1.02% ( DE000NWB2LD1 ) in EUR

Issuer	NRW Bank
Market price	100 % ⇌
Country	Germany
ISIN code	DE000NWB2LD1 ( in EUR )
Interest rate	1.02% per year ( payment 1 time a year)
Maturity	01/08/2049 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	22 000 000 EUR
Detailed description	NRW.BANK is a German public-sector bank focusing on providing financial services to the state of North Rhine-Westphalia, including public institutions, businesses, and private individuals. A fixed-income instrument bearing the ISIN code DE000NWB2LD1, issued by the German public-sector development bank NRW.BANK, has successfully reached its maturity date and been redeemed. NRW.BANK, formally known as the Landeskreditbank Nordrhein-Westfalen, serves as the development bank for North Rhine-Westphalia, Germany's most populous federal state. Its core mandate involves supporting the state's economy and infrastructure through various financing activities, benefitting from the implicit backing of the state of North Rhine-Westphalia, which contributes to its strong credit profile. This particular bond, issued in Germany and denominated in Euro (EUR), carried a fixed annual interest rate of 1.02% and was part of a total issuance volume amounting to EUR 22,000,000. Designed with a minimum lot size of EUR 100,000, the bond was primarily geared towards institutional investors and large-scale market participants. With its final maturity date on August 1, 2049, the bond completed its full term, and its principal was repaid at 100% of its par value, consistent with its final market valuation upon redemption. Throughout its lifespan, the bond provided annual interest payments to its holders, delivering consistent returns until its successful reimbursement.