Bond Bouches-du-Rhône Département 1.368% ( FR0013417771 ) in EUR

Issuer	Bouches-du-Rhône Département
Market price	100 % ⇌
Country	France
ISIN code	FR0013417771 ( in EUR )
Interest rate	1.368% per year ( payment 1 time a year)
Maturity	06/05/2044
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	20 000 000 EUR
Next Coupon	06/05/2026 ( In 32 days )
Detailed description	The Bouches-du-Rhône department, located in southeastern France, encompasses the city of Marseille and its surrounding area, characterized by a diverse landscape ranging from the Mediterranean coast to the Alpilles mountains. A recent examination of the fixed-income market highlights a specific bond issuance by the DEPARTEMENT DES BOUCHES DU RHONE, a significant sub-sovereign entity within France. The DEPARTEMENT DES BOUCHES DU RHONE functions as a core administrative division in the south of France, forming part of the Provence-Alpes-Côte d'Azur region. As a local public authority, it is responsible for the management and financing of a broad range of public services, local infrastructure, and social initiatives for its constituents. The issuance of debt, such as this bond, is a standard mechanism for such governmental entities to fund their long-term capital expenditures and operational needs, leveraging their financial standing as a stable public sector borrower within the French jurisdiction. This particular bond, bearing the ISIN code FR0013417771, originates from France and is denominated in EUR. It is currently trading at 100% of its face value on the market, indicating it is priced at par. The instrument offers a fixed annual interest rate of 1.368%, providing investors with a predictable income stream. The total size of this bond issuance amounts to 20,000,000 EUR, signifying a substantial capital raise. With a long-term maturity date set for May 6, 2044, this bond represents a multi-decade commitment, aligning with the extended timeframes often associated with public infrastructure projects or long-term budgetary planning. Interest payments are scheduled annually, with a frequency of 1, providing regular disbursements to bondholders throughout the life of the bond.