Bond Argentia 11.75% ( DE0001325017 ) in DEM

Issuer	Argentia
Market price	100 % ▼
Country	Germany
ISIN code	DE0001325017 ( in DEM )
Interest rate	11.75% per year ( payment 1 time a year) - Bond is in default, payments are suspended
Maturity	19/05/2011 - Bond has expired
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Minimal amount	1 000 DEM
Total amount	1 000 000 000 DEM
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 bond identified by ISIN DE0001325017, an instrument issued by Argentina, a sovereign entity with a complex history of engaging in and at times restructuring its international debt obligations, reveals key characteristics of this debt, which was denominated in Deutsche Mark (DEM), carried a notable annual coupon rate of 11.75%, and represented a total issuance size of 1,000,000,000 DEM, with a minimum lot size for investors set at 1,000 DEM, having been initially issued in Germany and maturing on May 19, 2011, notwithstanding that the issuer ultimately defaulted, resulting in the cessation of coupon payments, even while its market price had been observed at 100% of par value.