Bond Azerbaïdjan 0% ( AZ0104019515 ) in AZN

Issuer	Azerbaïdjan
Market price	100 % ⇌
Country	Azerbaijan
ISIN code	AZ0104019515 ( in AZN )
Interest rate	0%
Maturity	24/10/2017 - 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. A detailed financial overview reveals the full maturity and repayment of the Azerbaijani sovereign bond identified by ISIN AZ0104019515. This specific obligation, issued by Azerbaijan, a key energy-producing nation in the South Caucasus region whose economy is significantly influenced by its oil and gas reserves, was denominated in the national currency, the Azerbaijani Manat (AZN). The total size of this particular bond issuance amounted to AZN 10,000,000, with a minimum purchase lot established at AZN 100. A notable characteristic of this instrument was its zero-coupon structure, indicated by a 0% interest rate, implying that investors did not receive periodic interest payments but typically acquired the bond at a discount to its face value, realizing their return upon redemption at par. The bond successfully reached its maturity date on October 24, 2017, and has since been fully repaid, with its market price at the point of redemption recorded at 100% of its nominal value. While the payment frequency was indicated as '1', this refers to the singular principal repayment upon the bond's expiration, consistent with its non-interest-bearing nature.