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ItalianoBond Hungary 0% ( HU0000523675 ) in HUF
| Issuer | Hungary | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Hungary
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| ISIN code |
 HU0000523675 ( in HUF )
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| Interest rate | 0% | ||||||
| Maturity | 02/10/2020 - 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. An examination of the sovereign bond identified by ISIN HU0000523675 provides insight into a recently concluded financial obligation. This specific bond was issued by Hungary, a sovereign state located in Central Europe and a member of the European Union, which consistently engages with international capital markets to finance its public expenditure and manage its national debt. The bond, denominated in Hungarian Forints (HUF), carried a distinctive characteristic as a zero-coupon instrument, implying that investors did not receive periodic interest payments throughout its lifecycle; rather, their return was derived from the capital appreciation upon redemption. With an original total issue size of HUF 15,000,000,000 and a minimum purchase increment of HUF 10,000, this security matured on October 2, 2020. Upon reaching its maturity date, the bond was fully redeemed at 100% of its nominal value, signifying the complete repayment of principal to all bondholders. The singular 'payment frequency' noted for this instrument aligns with the single principal repayment event typical of zero-coupon structures. This successful repayment underscores the issuer's adherence to its financial commitments. |
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