Bond Montenegro Inc. 0% ( MEMNMNT236P6 ) in EUR

Issuer	Montenegro Inc.
Market price	100 % ⇌
Country	Montenegro
ISIN code	MEMNMNT236P6 ( in EUR )
Interest rate	0%
Maturity	15/01/2018 - Bond has expired
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Minimal amount	100 EUR
Total amount	24 450 000 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. An analysis of the MEMNMNT236P6 bond issue, originating from the sovereign nation of Montenegro, provides insight into a specific debt instrument that has completed its lifecycle. Montenegro, a state in Southeastern Europe recognized for its developing economy and aspirations for European integration, served as the issuer for this particular obligation. Denominated in EUR, the bond had a total issuance size of 24,450,000, with investors able to purchase units at a minimum size of 100. Notably, the bond carried a 0% interest rate, suggesting its structure as either a zero-coupon instrument or one whose interest payment schedule had concluded, with its final principal repayment occurring at maturity. The stated payment frequency of one reinforces the characteristic of a single, final settlement upon the bond's maturity date of January 15, 2018. As confirmed by market information, this obligation reached its scheduled maturity on the aforementioned date and was subsequently redeemed at 100% of its face value, signifying the successful repayment of principal by the Montenegrin government to its bondholders.