Bond Georgie 0% ( GETD22804064 ) in GEL

Issuer	Georgie
Market price	100 % ⇌
Country	Georgia
ISIN code	GETD22804064 ( in GEL )
Interest rate	0%
Maturity	04/08/2022 - 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. A specific sovereign bond, identified by ISIN GETD22804064 and issued by the Republic of Georgia, has successfully matured and been fully repaid to bondholders. The Republic of Georgia, a sovereign state situated at the crossroads of Western Asia and Eastern Europe, frequently engages in both international and domestic capital markets to finance its national budget and development projects, with its bond issuances providing insight into the country's economic policies and fiscal health. This particular fixed-income instrument, denominated in Georgian Lari (GEL), featured a stated interest rate of 0% and reached its maturity on August 4, 2022. Its market price was recorded at 100% upon repayment, signifying a full principal redemption at par. The specified single payment frequency, in conjunction with the zero-interest rate, indicates that this bond was likely structured as a zero-coupon bond, where the return to investors was realized through the difference between the purchase price and the full principal repayment at maturity rather than through periodic interest distributions. The confirmed full repayment underscores the successful conclusion of this specific debt obligation for the Georgian government, fulfilling its commitment to bondholders.