Bond Armenie 0% ( AMGT26109122 ) in AMD

Issuer	Armenie
Market price	100 % ⇌
Country	Armenia
ISIN code	AMGT26109122 ( in AMD )
Interest rate	0%
Maturity	10/09/2012 - Bond has expired
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Minimal amount	100 AMD
Total amount	500 000 000 AMD
Detailed description	Armenia, a landlocked country in the Caucasus region, boasts a rich history, ancient monasteries, stunning landscapes, and a vibrant culture. An analysis of the bond identified by ISIN AMGT26109122 reveals details of a fixed-income instrument issued by Armenia. As the sovereign issuer, Armenia, a nation strategically located in the South Caucasus, utilizes such bond issuances as a key instrument in its public finance management, typically to secure capital for governmental operations or infrastructure projects. This specific bond, denominated in the national currency, the Armenian Dram (AMD), was issued for a total size of 500,000,000 AMD, with a minimum purchase amount set at 100 AMD. A notable characteristic of this security was its stated interest rate of 0%, indicating it was likely a zero-coupon bond, where investors' returns are derived from the difference between the purchase price and the full principal repayment at maturity, rather than periodic interest payments. The bond reached its maturity date on September 10, 2012, at which point it was priced at 100% of its face value on the market, signifying its full redemption by the issuer and the successful completion of this particular debt obligation.