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ItalianoBond Hungary 0% ( HU0000522834 ) in HUF
| Issuer | Hungary | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Hungary
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| ISIN code |
 HU0000522834 ( in HUF )
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| Interest rate | 0% | ||||||
| Maturity | 05/02/2020 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 10 000 HUF | ||||||
| Total amount | 15 000 000 000 HUF | ||||||
| Detailed description |
Hungary is a landlocked Central European country with a rich history, vibrant culture influenced by its diverse past, and a burgeoning economy focused on manufacturing and services. A zero-coupon bond issued by the Republic of Hungary, bearing the ISIN code HU0000522834, has successfully reached its maturity and been fully redeemed. Hungary, a sovereign state located in Central Europe and a member of the European Union, regularly accesses international and domestic capital markets to finance its governmental operations and public debt management, with its issued bonds reflecting the nation's economic policies and fiscal health. This particular debt instrument, denominated in Hungarian Forint (HUF), constituted a total issue size of HUF 15,000,000,000, with a minimum purchase increment set at HUF 10,000. Distinctively structured as a zero-coupon bond, it carried a stated interest rate of 0%, implying that no periodic interest payments were made; instead, investors typically purchased it at a discount and received the full principal amount upon maturity. The bond matured on February 5, 2020, and was redeemed at 100% of its face value, confirming the single principal payment at maturity as its sole cash flow event. |
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