Bond Argentia 8% ( DE0001974608 ) in EUR

Issuer	Argentia
Market price	100 % ⇌
Country	Argentina
ISIN code	DE0001974608 ( in EUR )
Interest rate	8% per year ( payment 1 time a year) - Bond is in default, payments are suspended
Maturity	26/02/2008 - Bond has expired
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Minimal amount	51 129 EUR
Total amount	766 937 822 EUR
Detailed description	Argentina is the second-largest country in South America, celebrated for its vast and diverse landscapes ranging from the towering Andes Mountains to the Patagonian steppes, and a rich cultural heritage encompassing the passionate tango, world-renowned asado, and a significant European influence. This financial analysis details a specific sovereign bond, identified by ISIN DE0001974608, issued by Argentina, a nation with a complex history of sovereign debt and economic challenges that has periodically impacted its ability to meet financial obligations. Denominated in EUR, this bond, which carried an annual interest rate of 8% and had an original total issuance size of 766,937,822 EUR, with a minimum purchase threshold of 51,129 EUR, was initially offered or valued at 100% of its nominal principal; however, despite its stipulated maturity date of February 26, 2008, the issuer ultimately defaulted on its obligations, resulting in the complete cessation of coupon payments.