Bond Azerbaïdjan 0% ( AZ0102012496 ) in AZN

Issuer	Azerbaïdjan
Market price	100 % ⇌
Country	Azerbaijan
ISIN code	AZ0102012496 ( in AZN )
Interest rate	0%
Maturity	15/11/2016 - Bond has expired
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Minimal amount	100 AZN
Total amount	10 000 000 AZN
Detailed description	Azerbaijan is a transcontinental country spanning Western Asia and Eastern Europe, known for its rich history, diverse culture influenced by Persian, Turkish, and Russian traditions, and significant oil and gas reserves. An analysis of the sovereign debt instrument identified by ISIN AZ0102012496, issued by the Republic of Azerbaijan, details a zero-coupon bond with a total issuance volume of 10,000,000 AZN. Denominated in the national currency, the Azerbaijani Manat, this security was available for a minimum purchase of 100 AZN. Azerbaijan, an energy-rich nation situated in the South Caucasus region, is a significant emerging market sovereign issuer whose economy is substantially underpinned by its extensive oil and natural gas resources. This particular bond, characterized by a 0% interest rate and structured for a single payment at maturity, successfully reached its redemption date on November 15, 2016, at which point it was fully repaid by the issuer at its par value, reflecting the indicated 100% market price at maturity.