Bond Argentína 2.4% ( ARARGE320093 ) in USD

Issuer	Argentína
Market price	100 % ⇌
Country	Argentina
ISIN code	ARARGE320093 ( in USD )
Interest rate	2.4% per year ( payment 2 times a year)
Maturity	18/03/2018 - Bond has expired
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Minimal amount	1 USD
Total amount	1 103 000 000 USD
Detailed description	Argentina is a South American country known for its diverse geography, ranging from the Andes Mountains to the Pampas grasslands, and its rich cultural heritage blending European and indigenous influences. The ARARGE320093 bond, a specific financial instrument issued by the sovereign state of Argentina, represented a notable offering within its debt portfolio, with the country of issuance naturally being Argentina itself, a prominent emerging market sovereign known for its engagement with international capital markets. This particular security, denominated in USD, featured a fixed annual interest rate of 2.4%, with coupon payments scheduled semi-annually, thereby providing regular income to its holders. The total original size of this bond issuance was significant, amounting to $1,103,000,000, reflecting a substantial fundraising endeavor by the Argentine government, and while the minimum purchase size was set at 1 unit, enabling accessibility for various investors, the bond's current market status indicates it was trading at 100% of its face value at the time of its final settlement. Critically, this bond reached its defined maturity date of March 18, 2018, and has since been fully redeemed, signifying the successful completion of its lifecycle and the repayment of all principal to its bondholders in accordance with its established terms.