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ItalianoBond Kommerzbank AG 0% ( XS1714981393 ) in USD
| Issuer | Kommerzbank AG |
| Market price | 100 % ⇌ |
| Country |  Germany
|
| ISIN code |
 XS1714981393 ( in USD )
|
| Interest rate | 0% |
| Maturity | 24/07/2023 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 USD |
| Total amount | 5 000 000 USD |
| Detailed description |
Commerzbank AG is a major German bank offering a wide range of financial services including corporate banking, private banking, and asset management, with a significant international presence. Commerzbank AG, a prominent German universal bank with a strong focus on corporate and retail clients, successfully saw the maturity and full repayment of its USD-denominated bond, ISIN XS1714981393, on July 24, 2023. This bond, issued from Germany with a total size of 5,000,000 units and a minimum lot size of 1,000 units, carried a 0% interest rate, signifying it was either a zero-coupon instrument or had no coupon payments. While a payment frequency of two was indicated, typically referring to semi-annual interest disbursements, the primary focus for this particular bond at its 100% market price at maturity was the principal reimbursement, confirming its complete and timely redemption by the issuer. |