Bond Azerbaïdjan 0% ( AZ0102013361 ) in AZN

Issuer	Azerbaïdjan
Market price	100 % ⇌
Country	Azerbaijan
ISIN code	AZ0102013361 ( in AZN )
Interest rate	0%
Maturity	22/01/2013 - Bond has expired
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Minimal amount	100 AZN
Total amount	6 000 000 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. A sovereign bond issued by the Republic of Azerbaijan, identifiable by ISIN code AZ0102013361, has successfully reached its maturity and been fully repaid. As a key sovereign borrower in the South Caucasus region, Azerbaijan frequently utilizes capital markets to finance its developmental and fiscal objectives, leveraging its significant energy resources. This particular zero-coupon debt instrument, denominated in Azerbaijani Manat (AZN) and originally issued for a total principal amount of 6,000,000 AZN, was structured without an explicit interest rate, implying that investors purchased it at a discount and were set to receive its full face value upon its conclusion. With a minimum subscription threshold of 100 AZN, the bond reached its maturity date on January 22, 2013, at which point it was redeemed at 100% of its par value, underscoring the issuer's commitment to its financial obligations.