Bond Armenie 9% ( AMGN36294186 ) in AMD

Issuer	Armenie
Market price	100 % ⇌
Country	Armenia
ISIN code	AMGN36294186 ( in AMD )
Interest rate	9% per year ( payment 1 time a year)
Maturity	29/04/2018 - Bond has expired
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Minimal amount	100 AMD
Total amount	39 000 000 000 AMD
Detailed description	Armenia, a landlocked country in the Caucasus region, boasts a rich history, ancient monasteries, stunning landscapes, and a vibrant culture. This financial analysis focuses on a specific sovereign debt instrument, identified by the ISIN AMGN36294186, which was issued by Armenia. As the sovereign entity responsible for the issuance, Armenia, a nation strategically located in the South Caucasus region, utilized this bond as a mechanism for public financing, typical of government-backed debt offerings designed to fund national expenditures and development projects. The bond was denominated in the Armenian Dram (AMD), the national currency, and offered an attractive annual interest rate of 9 percent to investors. Throughout its market tenure, the bond traded at its par value, indicating a stable market price of 100% prior to its redemption. The overall scale of this issuance was substantial, totaling 39,000,000,000 AMD, with a remarkably accessible minimum purchase size of 100 AMD, which broadened its appeal to a wider range of investors. Interest payments were structured with an annual frequency (frequency 1), providing regular income streams to bondholders. It is important to note that this particular bond reached its scheduled maturity date on April 29, 2018, and has subsequently been fully repaid and redeemed, thereby concluding its life cycle as a debt obligation.