Bond Georgie 0% ( GETD24B07258 ) in GEL

Issuer	Georgie
Market price	100 % ▲
Country	Georgia
ISIN code	GETD24B07258 ( in GEL )
Interest rate	0%
Maturity	07/11/2024 - 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 state of Georgia, acting as the bond's issuer and a prominent participant in the regional financial landscape, has successfully completed the full redemption of its specific sovereign bond issue, ISIN GETD24B07258. This obligation, denominated in Georgian Lari (GEL) and originally issued by the country of Georgia, reached its maturity date on November 7, 2024. Prior to its maturity, the bond was reported to be trading at 100% of its face value, reflecting the principal repayment expectation upon its due date. Notably, this bond carried a 0% interest rate, indicating it was likely structured as a zero-coupon instrument or a principal-only repayment security, with a specified payment frequency of one signifying the single principal reimbursement. As confirmed, the bond has officially matured and its principal fully reimbursed to bondholders, concluding its lifecycle within the capital markets.