Bond Georgie 0% ( GETD16218073 ) in GEL

Issuer	Georgie
Market price	100 % ⇌
Country	Georgia
ISIN code	GETD16218073 ( in GEL )
Interest rate	0%
Maturity	18/02/2016 - Bond has expired
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Detailed description	Georgia is a country in the Caucasus region of Eurasia, bordered by Russia, Turkey, Armenia, and Azerbaijan, known for its diverse geography, ancient history, and unique culture. An analysis of the Georgian debt market highlights the successful redemption of a sovereign bond, identified by ISIN GETD16218073, issued by the Republic of Georgia. Georgia, a sovereign state located at the crossroads of Western Asia and Eastern Europe, regularly participates in capital markets to manage its fiscal requirements and fund national development projects, making its debt instruments relevant for investors monitoring emerging market opportunities. This particular obligation, designated as a bond, was denominated in the national currency, the Georgian Lari (GEL), and carried a 0% interest rate, signifying it as a zero-coupon instrument that did not distribute periodic interest payments to bondholders. The bond matured on February 18, 2016, and its final market price at redemption was 100% of its face value, confirming its full principal repayment. The stated payment frequency of '1', in the context of a zero-coupon structure, refers to this single principal payment made upon maturity. It has been officially confirmed that this bond has fully matured and that all obligations to its bondholders have been successfully discharged.