Bond Libanon 0% ( LBT222059034 ) in LBP

Issuer Libanon
Market price 100 %  ⇌ 
Country  Lebanon
ISIN code  LBT222059034 ( in LBP )
Interest rate 0%
Maturity 21/04/2022 - Bond has expired



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Minimal amount 10 000 LBP
Total amount 43 243 000 000 LBP
Detailed description Lebanon is a small, culturally diverse country in the Levant region of Western Asia, known for its ancient history, significant religious sites, and its current political and economic instability.

A specific debt instrument issued by the Lebanese government, identified by the ISIN LBT222059034, has successfully matured and been repaid, offering a concrete instance of sovereign obligation fulfillment within the complex landscape of the nation's public finance. This particular bond, denominated in Lebanese Pounds (LBP) with a total issue size of LBP 43,243,000,000, represents a segment of the domestic debt obligations of Lebanon, a sovereign state currently navigating an unprecedented and severe economic and financial crisis. As the issuer, Lebanon has been grappling with a multi-faceted collapse since late 2019, marked by a deep recession, a profound banking crisis that has restricted access to deposits, hyperinflation, and a significant devaluation of its currency. The nation famously defaulted on its foreign currency Eurobonds in March 2020, leading to protracted and complex negotiations with external creditors and ongoing challenges in restoring broader economic stability and confidence. Against this backdrop, the performance and repayment of its local currency instruments, such as LBT222059034, provide critical insights into the distinct dynamics of its internal debt market. The LBT222059034 bond, initially available for a minimum purchase of LBP 10,000, notably carried a 0% interest rate, indicating that investors' returns were predicated entirely on the repayment of the principal amount at maturity rather than periodic coupon payments. Such a structure is often characteristic of short-term treasury bills or specific financial arrangements within a highly controlled or distressed domestic financial system. With a specified maturity date of April 21, 2022, and a payment frequency noted as '1' (implying a single principal repayment given the zero interest), the bond reached its term. At the time of its maturity, the market price was quoted at 100%, confirming that the obligation was honored and the principal repaid in full, underscoring the operational mechanisms and distinct treatment of certain domestic debt instruments even amidst the broader fiscal distress and external default experienced by the Lebanese state.