Bond Georgie 0% ( GETD16519181 ) in GEL

Issuer	Georgie
Market price	100 % ▲
Country	Georgia
ISIN code	GETD16519181 ( in GEL )
Interest rate	0%
Maturity	19/05/2016 - Bond has expired
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Minimal amount	/
Total amount	60 000 000 GEL
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. This financial article details the specifics of a fully redeemed bond, identified by ISIN GETD16519181, which was issued by the sovereign state of Georgia. As an emerging market economy strategically located at the crossroads of Western Asia and Eastern Europe, Georgia frequently accesses capital markets to finance its public expenditure and development initiatives within its borders. This particular bond, denominated in the national currency, the Georgian Lari (GEL), had a total issue size of 60,000,000 GEL. Characterized by a 0% interest rate, it functioned as a zero-coupon instrument, maturing on May 19, 2016. At its maturity, the bond?s market price was confirmed at 100%, signifying its full repayment to investors, with the single payment frequency (indicated as '1') referring to the principal repayment upon the bond's expiration, thereby completing its lifecycle.