Bond Northern Macedonia 4.3% ( MKMINF20GJ31 ) in MKD

Issuer	Northern Macedonia
Market price	100 % ⇌
Country	Macedonia
ISIN code	MKMINF20GJ31 ( in MKD )
Interest rate	4.3% per year ( payment 1 time a year)
Maturity	14/10/2031
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Minimal amount	100 MKD
Total amount	210 950 000 MKD
Next Coupon	14/10/2026 ( In 192 days )
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. Investors considering sovereign debt instruments originating from emerging European markets are presented with the opportunity to evaluate the bond issued by the Republic of North Macedonia, uniquely identified by the ISIN code MKMINF20GJ31. This fixed-income security, issued by the sovereign state itself, currently trades at 100% of its face value on the market, signifying a par valuation. Denominated in the local currency, the Macedonian Denar (MKD), the bond offers an annual interest rate of 4.3%, with coupon payments structured to occur once per year. The total size of this particular bond issuance reaches 210,950,000 MKD, structured to allow for a minimum acquisition size of 100 MKD. Its final maturity date is scheduled for October 14, 2031, positioning it as a medium-to-long-term holding within an investment portfolio. The issuer, North Macedonia, is a country situated in Southeast Europe, actively pursuing economic and political reforms aimed at closer integration with the European Union. Its sovereign debt is typically viewed through the lens of an emerging market economy, offering potentially higher yields compared to more developed markets, commensurate with a distinct risk profile. The government utilizes such bond issuances to fund various public expenditures and infrastructure projects, underscoring its role in the nation's fiscal strategy and economic development.