Bond Azerbaïdjan 4.25% ( AZ0106028449 ) in AZN

Issuer	Azerbaïdjan
Market price	100 % ⇌
Country	Azerbaijan
ISIN code	AZ0106028449 ( in AZN )
Interest rate	4.25% per year ( payment 1 time a year)
Maturity	24/11/2017 - Bond has expired
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Minimal amount	100 AZN
Total amount	6 300 000 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 Azerbaijan, identified by ISIN AZ0106028449, has successfully reached its maturity and been fully repaid. Azerbaijan, the issuing and host country for this debt instrument, is a nation strategically located at the crossroads of Eastern Europe and Western Asia, recognized for its significant energy resources, particularly oil and natural gas, and manages its public finances through a combination of fiscal revenues and debt instruments like this one. As a sovereign issuer in the international financial markets, the Republic of Azerbaijan issues debt to finance public expenditures, manage national debt, and support its economic development initiatives, with the country's consistent ability to meet its financial obligations serving as a key indicator of its fiscal health and reliability to its debt holders. This specific obligation, denominated in Azerbaijani Manat (AZN), featured an annual interest rate of 4.25%. The total issuance volume for this bond was AZN 6,300,000, with a minimum investment threshold set at AZN 100. The bond matured on November 24, 2017, and, as reflected by its price at the time of maturity at 100% of its nominal value, the principal amount was fully redeemed, underscoring Azerbaijan's commitment as a reliable sovereign debtor in fulfilling its financial promises to investors within the stipulated timeframe.