Bond Argentína 8.5% ( DE0001354751 ) in DEM

Issuer	Argentína
Market price	100 % ▲
Country	Argentina
ISIN code	DE0001354751 ( in DEM )
Interest rate	8.5% per year ( payment 1 time a year) - Bond is in default, payments are suspended
Maturity	23/02/2005 - Bond has expired
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Minimal amount	1 000 DEM
Total amount	1 000 000 000 DEM
Detailed description	Argentina is a South American country known for its diverse geography, ranging from the Andes Mountains to the Pampas grasslands, and its rich cultural heritage blending European and indigenous influences. An analysis of sovereign debt instruments reveals a noteworthy case in the form of an obligation issued by the Republic of Argentina, identifiable by ISIN Code DE0001354751. The Republic of Argentina, a nation with a historically volatile economic landscape and a recurring record of sovereign debt restructurings and defaults, served as the issuer for this particular bond. Denominated in Deutsche Mark (DEM) and initially issued at par, reflecting 100% of its nominal value, this debt instrument carried an annual interest rate of 8.5%. The total issuance volume for this specific bond reached DEM 1,000,000,000, with a minimum purchase increment set at DEM 1,000. Despite its structured terms, the issuer subsequently entered default, leading to the cessation of coupon payments for this obligation. The bond officially matured on February 23, 2005, with a payment frequency of one (annual) prior to the default event.