Bond Northern Macedonia 0.8% ( MKMINF20GU85 ) in MKD

Issuer	Northern Macedonia
Market price	100 % ⇌
Country	Macedonia
ISIN code	MKMINF20GU85 ( in MKD )
Interest rate	0.8% per year ( payment 1 time a year)
Maturity	03/12/2023 - Bond has expired
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Minimal amount	100 MKD
Total amount	650 000 000 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. An analysis of the recently matured sovereign bond, ISIN MKMINF20GU85, issued by North Macedonia, a sovereign state located in Southeast Europe, reveals its successful redemption on December 3, 2023. This fixed-income instrument, denominated in Macedonian Denar (MKD), featured an annual interest rate of 0.8% and a total issuance size of 650,000,000 MKD, with a minimum purchase amount set at 100 MKD. The bond, which was issued by North Macedonia within its national borders, completed its lifecycle and was redeemed by the issuer at its par value of 100% of the principal.