Bond Armenie 0% ( AMGT5213B231 ) in AMD

Issuer	Armenie
Market price	100 % ▲
Country	Armenia
ISIN code	AMGT5213B231 ( in AMD )
Interest rate	0%
Maturity	13/11/2023 - Bond has expired
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Detailed description	Armenia, a landlocked country in the Caucasus region, boasts a rich history, ancient monasteries, stunning landscapes, and a vibrant culture. A recent significant event in the sovereign debt market concerns the full maturity and repayment of a bond issued by Armenia. This specific debt instrument, identified by the ISIN code AMGT5213B231, represents a facet of the South Caucasian nation's engagement with capital markets. As the issuer, Armenia leverages both domestic and international financial mechanisms to fund its governmental operations and economic development initiatives. The country's capacity to meet its financial commitments is a key indicator for investors assessing the risk and attractiveness of its sovereign bonds. This particular obligation, issued by Armenia within its national borders and denominated in the Armenian Dram (AMD), reached its full maturity on November 13, 2023. Noteworthy characteristics of this bond included a stated interest rate of 0%, suggesting it was either a zero-coupon bond or an instrument designed for repayment at par without interim coupon payments. Its reported payment frequency of 1 further supports the interpretation of a single principal repayment upon maturity. Prior to its maturity, the bond was trading at 100% of its par value on the market. Confirmation has been received that this obligation has successfully completed its lifecycle, having matured and been fully repaid to its bondholders as per its terms. This punctual fulfillment of debt obligations reinforces Armenia's standing as a reliable sovereign borrower in the global financial landscape.