Bond Argentia 7.5% ( ES0273541013 ) in EUR

Issuer	Argentia
Market price	100 % ⇌
Country	Argentina
ISIN code	ES0273541013 ( in EUR )
Interest rate	7.5% per year ( payment 1 time a year) - Bond is in default, payments are suspended
Maturity	23/05/2002 - Bond has expired
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Minimal amount	60 101 EUR
Total amount	120 202 000 EUR
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 overview of bond issuance ISIN ES0273541013 identifies the Republic of Argentina as the sovereign issuer and country of issuance, detailing an instrument denominated in EUR with a total size of ?120,202,000, a 7.5% annual interest rate, and a minimum purchase increment of ?60,101; critically, while the reported current market price stands at 100%, it is imperative to note that the Republic of Argentina subsequently defaulted on this specific obligation, leading to the cessation of coupon payments, with the bond having reached its maturity on May 23, 2002, and originally structured for annual payment frequency.