Bond NRW Bank 0% ( XS1559930497 ) in USD

Issuer	NRW Bank
Market price	100 % ⇌
Country	Germany
ISIN code	XS1559930497 ( in USD )
Interest rate	0%
Maturity	22/03/2047
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Minimal amount	200 000 USD
Total amount	250 000 000 USD
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. NRW.BANK, the reputable development bank for North Rhine-Westphalia, Germany's most populous federal state, fulfilling a public mandate to foster regional economic and structural advancement, has issued a USD-denominated bond (ISIN: XS1559930497) originating from Germany, with a total issue size of $250,000,000 and a minimum lot size of $200,000, currently priced at 100% of its nominal value, featuring a 0% interest rate, indicating its nature as a zero-coupon instrument, and maturing on March 22, 2047, with its stated payment frequency of '2' typically implying semi-annual calculation periods for such a long-term debt instrument.