Bond Armenie 0% ( AMGT52155174 ) in AMD

Issuer	Armenie
Market price	100 % ⇌
Country	Armenia
ISIN code	AMGT52155174 ( in AMD )
Interest rate	0%
Maturity	15/05/2017 - Bond has expired
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Minimal amount	100 AMD
Total amount	1 500 000 000 AMD
Detailed description	Armenia, a landlocked country in the Caucasus region, boasts a rich history, ancient monasteries, stunning landscapes, and a vibrant culture. A specific sovereign bond, identified by the ISIN AMGT52155174 and issued by the Republic of Armenia, successfully reached its maturity on May 15, 2017, and has been fully redeemed. This fixed-income instrument, denominated in Armenian Dram (AMD), was part of a total issuance volume amounting to AMD 1,500,000,000. As a distinguishing feature, this bond carried a 0% interest rate, indicating its structure as a zero-coupon bond, which implies it was likely issued at a discount and subsequently redeemed at 100% of its face value, reflecting the reported market price at maturity. The minimum purchase size for investors in this particular issuance was set at AMD 100. Armenia, a sovereign nation located in the South Caucasus region, utilized this bond, with its single payment frequency, as a component of its public debt management strategy. The successful redemption underscores the country's commitment to its financial obligations.