Bond Northern Macedonia 0% ( MKMINFDYH228 ) in MKD

Issuer	Northern Macedonia
Market price	100 % ⇌
Country	Macedonia
ISIN code	MKMINFDYH228 ( in MKD )
Interest rate	0%
Maturity	31/10/2018 - Bond has expired
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Minimal amount	100 MKD
Total amount	3 017 690 000 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. The financial instrument, a bond identified by ISIN code MKMINFDYH228 and issued by North Macedonia, a sovereign state in Southeast Europe, has successfully completed its lifecycle, having matured and been fully repaid. This particular debt instrument, issued by the government of North Macedonia from its national territory, was denominated in Macedonian Denar (MKD) and characterized by a zero-coupon structure, reflected in its 0% interest rate. With a total issuance size of MKD 3,017,690,000 and a minimum purchase increment of MKD 100, the bond was designed to return its principal value to holders upon maturity. Reflecting its intended redemption at par, its market price stood at 100% prior to its maturity on October 31, 2018. Despite a listed payment frequency of one, the zero-coupon nature meant the primary financial event was the singular principal repayment on the specified maturity date, confirming the successful fulfillment of the sovereign issuer's obligations.