Bond Georgie 0% ( GETD24905133 ) in GEL

Issuer	Georgie
Market price	100 % ⇌
Country	Georgia
ISIN code	GETD24905133 ( in GEL )
Interest rate	0%
Maturity	05/09/2024 - 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. The sovereign bond, identified by ISIN GETD24905133, issued by the Republic of Georgia, a transitioning economy situated at the intersection of Eastern Europe and Western Asia, has successfully completed its lifecycle. Denominated in Georgian Lari (GEL), this particular debt instrument was characterized by a 0% interest rate, indicating its structure as a zero-coupon bond where the principal amount is typically repaid in a single lump sum at maturity, reflecting the stated payment frequency of one. The bond matured as scheduled on September 5, 2024, and its reported market price of 100% at the time of maturity confirms that it has been fully redeemed and repaid to its bondholders, underscoring the issuer's commitment to fulfilling its financial obligations.