Bond Northern Macedonia 1.7% ( MKMINF20GS63 ) in MKD

Issuer	Northern Macedonia
Market price	100 % ⇌
Country	Macedonia
ISIN code	MKMINF20GS63 ( in MKD )
Interest rate	1.7% per year ( payment 1 time a year)
Maturity	16/05/2024 - Bond has expired
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Minimal amount	100 MKD
Total amount	1 000 000 000 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. A recently matured financial instrument, a sovereign bond issued by the Republic of North Macedonia, has successfully completed its lifecycle, reflecting the nation's commitment to fulfilling its financial obligations. As a sovereign entity situated in the Balkan peninsula, North Macedonia regularly engages with domestic and international capital markets to manage its public debt and finance governmental initiatives, with its bonds typically viewed as direct obligations of the state, underpinning its credit standing. This specific bond, identified by its ISIN code MKMINF20GS63, was denominated in the national currency, the Macedonian Denar (MKD), and carried an annual interest rate of 1.7%. The total size of this particular issue amounted to MKD 1,000,000,000, illustrating a substantial capital raising effort, with a minimum investment denomination accessible at MKD 100. Critically, the bond reached its pre-determined maturity date on May 16, 2024, at which point it was fully redeemed at 100% of its face value, ensuring that all principal and due interest payments were returned to bondholders, thereby confirming the successful completion of the obligation.