Bond Italia 0% ( IT0005403586 ) in EUR

Issuer Italia
Market price 100 %  ⇌ 
Country  Italy
ISIN code  IT0005403586 ( in EUR )
Interest rate 0%
Maturity 12/03/2021 - Bond has expired



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Minimal amount 1 000 EUR
Total amount 6 500 000 000 EUR
Detailed description Italy is a country in Southern Europe with a diverse geography encompassing the Alps, Apennine Mountains, and extensive coastlines, known for its rich history, art, culture, and cuisine.

A significant sovereign bond issued by the Republic of Italy, bearing the ISIN code IT0005403586, successfully reached its maturity date on March 12, 2021, and was fully repaid to investors. The Republic of Italy, a key member of the Eurozone and a G7 economy, is a major and consistent issuer in international capital markets, with its debt instruments widely held by a diverse range of global institutional and retail investors, demonstrating confidence in its creditworthiness and fiscal management capabilities within the broader European financial framework. This specific debt instrument was a bond denominated in Euros (EUR), representing a substantial issuance with a total aggregate principal amount of ?6,500,000,000. Distinctively, this bond featured a zero-coupon structure, meaning it carried an interest rate of 0% and consequently made no periodic interest payments throughout its life; investors typically realized their return through the difference between the discounted purchase price and the par value received at maturity. The bond had been issued by Italy from within its own national borders, and the minimum nominal amount for investor acquisition was set at ?1,000. Upon its maturity on March 12, 2021, the bond's current market price stood at 100%, confirming that it was redeemed at its full face value, ensuring all principal outstanding to bondholders was returned as scheduled. The specified 'payment frequency' of '1' for this zero-coupon bond referred to this singular principal repayment event at maturity, as no interim coupon payments were applicable, marking a successful and completed cycle for this particular Italian sovereign debt security.