Bond Kontrollbank AG 0% ( FR0128229921 ) in EUR

Issuer	Kontrollbank AG
Market price	100 % ⇌
Country	Austria
ISIN code	FR0128229921 ( in EUR )
Interest rate	0%
Maturity	05/02/2024 - Bond has expired
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Detailed description	Österreichische Kontrollbank Aktiengesellschaft (OeKB) is an Austrian government-owned bank specializing in export financing and the promotion of Austrian businesses internationally. The bond identified by ISIN FR0128229921, issued by Oesterreichische Kontrollbank Aktiengesellschaft, has successfully reached its maturity date on February 5, 2024, and has been fully redeemed. This particular debt instrument, denominated in Euros and issued in Austria, concluded its lifecycle at a redemption price of 100% of its nominal value. Notably, this bond was characterized by a 0% interest rate, indicating it likely operated as a zero-coupon bond, with its value accruing over time to reach par at maturity, or was structured such that no periodic interest payments were disbursed, culminating in a single payment at redemption. Oesterreichische Kontrollbank Aktiengesellschaft, commonly known as OeKB, is a specialized Austrian bank and central financial service provider for the country's export industry and capital market. Owned by Austrian banks, OeKB plays a vital role in the Austrian economy, providing essential services such as export guarantees, financing, and capital market services, solidifying its position as a key issuer in the Austrian and broader European debt markets. The successful redemption of this bond underscores the issuer's financial integrity and commitment to its obligations, reinforcing market confidence in instruments originating from this prominent Austrian institution.