Bond Northern Macedonia 0% ( MKMINFDYI101 ) in MKD

Issuer Northern Macedonia
Market price 100 %  ⇌ 
Country  Macedonia
ISIN code  MKMINFDYI101 ( in MKD )
Interest rate 0%
Maturity 08/05/2019 - Bond has expired



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Minimal amount 100 MKD
Total amount 549 990 000 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 bond identified by ISIN code MKMINFDYI101, issued by North Macedonia, confirms its successful maturity and repayment. This specific debt instrument, a sovereign obligation, exemplifies the nation's commitment to fulfilling its financial liabilities. The issuer, North Macedonia, is a developing European nation located in the Balkan region, actively pursuing economic reforms and integration into broader European structures. As a sovereign entity, its issuance of debt instruments like this bond is fundamental to financing public expenditures, managing national liquidity, and supporting economic development initiatives. The timely and complete repayment of such obligations is crucial for maintaining investor confidence and securing favorable terms for future capital market endeavors. Key specifications for the MKMINFDYI101 bond include a total issue size of 549,990,000 Macedonian Denar (MKD) and a minimum purchase size of 100 MKD. Notably, this bond carried a 0% interest rate with a payment frequency of one, characteristic of a zero-coupon bond or a short-term discount note, where investors' return is derived from the difference between the purchase price and the full face value received at redemption. The bond, issued from Macedonia, reached its maturity on May 8, 2019, at which point it was repaid at 100% of its principal value. The successful redemption of this bond signifies a concluded chapter in North Macedonia's debt management portfolio, underscoring its reliability as a sovereign debtor.