Bond Georgie 0% ( GETD23209081 ) in GEL

Issuer	Georgie
Market price	100 % ▲
Country	Georgia
ISIN code	GETD23209081 ( in GEL )
Interest rate	0%
Maturity	09/02/2023 - 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. This financial report details the characteristics of a sovereign bond, specifically the obligation identified by ISIN code GETD23209081. The bond was issued by Georgia, a sovereign state located at the strategic crossroads of Western Asia and Eastern Europe, which actively participates in the international debt capital markets and seeks to finance its public expenditures through various debt instruments. Denominated in the Georgian Lari (GEL), this particular bond carried an interest rate of 0%, strongly suggesting its structure as a zero-coupon instrument, where investor returns are realized through the difference between the discounted issuance price and its par value at maturity, rather than periodic coupon payments. The maturity date for this bond was February 9, 2023, with a payment frequency of one, consistent with a single redemption event at maturity. As of its current status, this bond has successfully matured and was repaid at its full face value, reflected by a market price of 100% at the time of its redemption.