Bond Czechia 0% ( CZ0000703111 ) in CZK

Issuer	Czechia
Market price	100 % ⇌
Country	Czech Republic
ISIN code	CZ0000703111 ( in CZK )
Interest rate	0%
Maturity	17/09/2024 - Bond has expired
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Minimal amount	10 000 CZK
Total amount	/
Detailed description	The Czech Republic, a landlocked Central European country, boasts a rich history, vibrant culture encompassing Gothic architecture and classical music, and a thriving modern economy based on manufacturing and technology. The Czech Republic, a sovereign state centrally located in Europe, actively participates in global financial markets as a reputable issuer of government debt. This strategic engagement facilitates the financing of national programs and budgetary requirements, positioning Czech government bonds as a cornerstone for both domestic and international fixed-income portfolios, often regarded for their relative stability. One such financial instrument, the bond identified by the International Securities Identification Number (ISIN) CZ0000703111, recently concluded its lifecycle. This particular debt security, issued by the Czech Republic and denominated in Czech Koruna (CZK), was a zero-coupon obligation, distinguishable by its 0% interest rate. This structure meant that no recurring interest payments were disbursed to bondholders; instead, the investment was designed for investors to receive the full principal amount at maturity. With a stipulated minimum purchase lot of 10,000 units, the bond reached its maturity on September 17, 2024. At this juncture, the bond's market price stood at 100% of its face value, signaling its successful redemption at par. The single payment frequency associated with this instrument refers to the principal repayment at its maturity date. Following the completion of its term, the bond has been fully redeemed and repaid, thereby concluding the issuer's obligation to its bondholders for this specific financial instrument.