Bond Cyprum 0% ( CY0148240811 ) in EUR

Issuer	Cyprum
Market price	100 % ⇌
Country	Cyprus
ISIN code	CY0148240811 ( in EUR )
Interest rate	0%
Maturity	01/03/2019 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	66 750 000 EUR
Detailed description	Cyprus is a Mediterranean island nation located in the eastern Mediterranean Sea, known for its rich history, diverse culture, and stunning beaches. This financial article examines a specific sovereign bond, identified by ISIN code CY0148240811, which was issued by the Republic of Cyprus. The Republic of Cyprus, a sovereign state located on the island of Cyprus in the Eastern Mediterranean, is a member of the European Union and the Eurozone, which plays a significant role in its economic and financial policy frameworks and debt issuance strategies. This particular fixed-income instrument, denominated in Euros (EUR), had a total issuance size of EUR 66,750,000, with a minimum investment threshold set at EUR 1,000. Characterized by a 0% interest rate, this zero-coupon bond's principal was scheduled for a single payment at maturity, consistent with its payment frequency of one. The bond matured on March 1, 2019, and its market price was noted at 100% prior to its full redemption. As of the current date, this obligation has fully matured and the principal has been successfully repaid to all bondholders.