Bond Italia 0% ( IT0005434953 ) in EUR

Issuer Italia
Market price 100 %  ⇌ 
Country  Italy
ISIN code  IT0005434953 ( in EUR )
Interest rate 0%
Maturity 14/02/2022 - Bond has expired



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Minimal amount 1 000 EUR
Total amount 7 000 000 000 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.

An examination of the fixed-income market reveals the recent full repayment of a specific sovereign bond, identified by its ISIN code IT0005434953. This bond, issued by Italy, a significant economy within the Eurozone and a prominent sovereign borrower in international capital markets, successfully reached its maturity on February 14, 2022. As the issuer, Italy routinely manages its national debt through the issuance of various debt instruments, aiming to finance public spending and refinance existing obligations, thereby maintaining its fiscal stability and access to capital markets. This particular security, denominated in Euros (EUR), was noteworthy for its zero-coupon structure, meaning it carried an interest rate of 0% and thus did not provide periodic coupon payments. Consequently, investors' return would have been realized from the difference between the purchase price and the par value received at maturity, typically implying a purchase at a discount. The total nominal size of this issuance was substantial, amounting to 7,000,000,000 EUR, with a minimum purchase denomination set at 1,000 EUR, making it accessible to a range of institutional and individual investors. Upon its maturity, the bond was reported at a market price of 100%, signifying that it was redeemed at its full face value. This confirms the successful and complete repayment of the principal amount to all bondholders, consistent with standard bond mechanics for a zero-coupon instrument maturing at par. The repayment frequency, indicated as '1', refers to the single principal repayment event at maturity for this zero-coupon instrument. The full and timely redemption of ISIN IT0005434953 highlights Italy's ongoing adherence to its financial commitments and its capacity to manage its sovereign debt responsibilities effectively in the global financial landscape.