Bond Northern Macedonia 0% ( MKMINFDYJ109 ) in MKD

Issuer	Northern Macedonia
Market price	100 % ⇌
Country	Macedonia
ISIN code	MKMINFDYJ109 ( in MKD )
Interest rate	0%
Maturity	17/06/2020 - Bond has expired
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Minimal amount	100 MKD
Total amount	600 000 000 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 MKMINFDYJ1109 bond issue reveals a sovereign debt instrument previously issued by North Macedonia, a country located in the Balkan Peninsula, which routinely utilizes debt markets to finance its public expenditures and development initiatives. This specific bond, identified by its ISIN code MKMINFDYJ109, was denominated in the national currency, the Macedonian Denar (MKD), with a substantial total issuance size of 600,000,000 MKD. Investors were able to purchase this obligation with a minimum acquisition size of 100 MKD. A key characteristic of this instrument was its 0% interest rate, classifying it as a zero-coupon bond, meaning no periodic interest payments were made to bondholders throughout its term. The bond's maturity date was fixed on June 17, 2020, and consistent with its terms, it has successfully reached maturity and been fully redeemed at 100% of its face value, confirming the fulfillment of its financial obligations by the issuer.