NRW.Bank to redeem $175 million zero coupon notes due 2048

By Taylor Fox

New York, Feb. 19 – NRW.Bank plans to fully redeem its $175 million multi-callable zero coupon notes due March 7, 2048, series 721 (ISIN: XS1776213743), according to a company announcement.

The notes will be redeemed at par on March 7 for a total call redemption amount of $55,630,776.25 to be paid March 8.

The bank is based in Dusseldorf, Germany.

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