Bond Montenegro Inc. 0% ( MEDF17OA1PG8 ) in EUR

Issuer	Montenegro Inc.
Market price	100 % ⇌
Country	Montenegro
ISIN code	MEDF17OA1PG8 ( in EUR )
Interest rate	0%
Maturity	01/01/2024 - Bond has expired
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Minimal amount	1 EUR
Total amount	399 074 EUR
Detailed description	Montenegro is a small, mountainous country in Southeastern Europe known for its stunning coastline, dramatic landscapes, and rich history, encompassing both Adriatic Sea resorts and rugged inland terrain. The MEDF17OA1PG8 bond, a Euro-denominated fixed-income instrument issued by Montenegro, has successfully concluded its lifecycle with its full repayment on January 1, 2024. Montenegro, a sovereign state located in Southeast Europe, is characterized by its developing economy with a significant tourism sector, its aspirations for European Union membership, and its unilateral adoption of the Euro, providing a distinct economic context for its sovereign debt instruments. This specific bond, identified by its ISIN MEDF17OA1PG8, was part of an issuance with a total volume of 399,074 units and a minimum purchase size of 1 unit. Notably, the bond carried a 0% interest rate, a feature common to zero-coupon bonds or instruments where the principal is returned at par without periodic interest distributions, and on its scheduled maturity date of January 1, 2024, its market price stood at 100%, reflecting its full redemption. The successful repayment of this bond at par formally concludes the issuer's obligations, marking its complete retirement from the market.