Bond Argentia 5.87% ( DE0004103007 ) in DEM

Issuer Argentia
Market price 100 %  ▲ 
Country  Argentina
ISIN code  DE0004103007 ( in DEM )
Interest rate 5.87% per year ( payment 2 times a year)
Maturity 29/03/2023 - Bond has expired



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Minimal amount 5 000 DEM
Total amount 87 411 480 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.

This financial instrument, identified by ISIN DE0004103007, was a bond issued by Argentina, a sovereign entity from South America known for its significant agricultural exports and historically dynamic economic cycles, with the bond itself having been issued within the Argentine domestic market; denominated in Deutsche Mark (DEM) and carrying an annual interest rate of 5.87%, this debt security had a total issuance size of 87,411,480 units, with a minimum purchase increment of 5,000 units, and coupon payments were scheduled semi-annually, reflecting a frequency of two payments per year; originally set to mature on March 29, 2023, the bond successfully reached its maturity date and was subsequently repaid, with its market price at maturity recorded at 100% of its face value.