Bond Argentia 11.75% ( ARARGE032573 ) in USD

Issuer	Argentia
Market price	100 % ⇌
Country	Argentina
ISIN code	ARARGE032573 ( in USD )
Interest rate	11.75% per year ( payment 2 times a year) - Bond is in default, payments are suspended
Maturity	20/05/2003 - Bond has expired
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Minimal amount	1 USD
Total amount	2 797 991 000 USD
Detailed description	Argentina is the second-largest country in South America, celebrated for its vast and diverse landscapes ranging from the towering Andes Mountains to the Patagonian steppes, and a rich cultural heritage encompassing the passionate tango, world-renowned asado, and a significant European influence. An analysis of the ARARGE032573 bond, issued by the sovereign nation of Argentina?a country characterized by a history of economic instability and recurrent sovereign debt crises?reveals key details: this U.S. Dollar-denominated obligation, which had a total issuance size of $2,797,991,000 with a minimum purchase increment of 1 unit, carried an annual interest rate of 11.75% paid semi-annually, reached its maturity on May 20, 2003, and was established with a par value of 100%, yet critically, the issuer has since defaulted, resulting in the complete cessation of all coupon payments.