Bond Argentia 10% ( DE0005450258 ) in DEM

Issuer	Argentia
Market price	100 % ⇌
Country	Argentina
ISIN code	DE0005450258 ( in DEM )
Interest rate	10% per year ( payment 1 time a year) - Bond is in default, payments are suspended
Maturity	07/09/2007 - Bond has expired
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Minimal amount	50 000 DEM
Total amount	500 000 000 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. Issued by the sovereign nation of Argentina, the DE0005450258 bond, an instrument issued in its home country with a total size of DEM 500,000,000, originally offered a 10% interest rate with annual payments and a maturity date of September 7, 2007; however, the issuer has since defaulted, ceasing all coupon payments, despite a reported current market price of 100% and a minimum purchase requirement of DEM 50,000.