Bond Northern Macedonia 5.35% ( MKMINF20G507 ) in MKD

Issuer Northern Macedonia
Market price 100 %  ⇌ 
Country  Macedonia
ISIN code  MKMINF20G507 ( in MKD )
Interest rate 5.35% per year ( payment 1 time a year)
Maturity 24/01/2018 - Bond has expired



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Minimal amount 100 MKD
Total amount 60 000 000 MKD
Detailed description North Macedonia is a landlocked Balkan country known for its rich history, encompassing ancient civilizations, Ottoman rule, and a recent declaration of independence from Yugoslavia, now characterized by a diverse cultural landscape and a developing economy.

This financial analysis details a specific sovereign bond, identified by ISIN MKMINF20G507, which was issued by the Republic of Macedonia, a nation now formally known as North Macedonia. The Republic of North Macedonia, an emerging economy situated in Southeast Europe, has historically engaged in the issuance of sovereign debt instruments to support its national development and budgetary needs. Its economic landscape is characterized by a blend of services, manufacturing, and agriculture, underpinning its credit profile as a sovereign issuer. This particular obligation carried an annual interest rate of 5.35% and was denominated in Macedonian Denar (MKD). The total size of this bond issuance amounted to 60,000,000 MKD, with a minimum investment threshold set at 100 MKD per unit. The bond reached its scheduled maturity date on January 24, 2018. Importantly, this obligation has successfully matured and was fully repaid, meaning that the 'current market price' of 100% specifically refers to its redemption at par value upon the maturity date, confirming that bondholders received their full principal back as anticipated. The bond featured an annual payment frequency, providing consistent returns to investors throughout its term until its final settlement. The successful and timely repayment of this bond reinforces North Macedonia's credibility and commitment as a sovereign borrower within international financial markets.