Bond Malta Central Authority 0% ( MT3100017099 ) in EUR

Issuer Malta Central Authority
Market price 100 %  ⇌ 
Country  Malta
ISIN code  MT3100017099 ( in EUR )
Interest rate 0%
Maturity 16/11/2023 - Bond has expired



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Minimal amount /
Total amount 14 329 000 EUR
Detailed description Malta's central government operates under a parliamentary republic system, with executive power vested in the Prime Minister and Cabinet, and legislative power held by a unicameral Parliament.

An examination of recent activities within the European fixed-income markets brings to light specific details concerning a notable sovereign bond, identified by its International Securities Identification Number (ISIN) MT3100017099. This particular debt instrument was issued by the Central Government of Malta, a recognized sovereign entity and an integral member state of both the European Union and the Eurozone. The Maltese government, as the issuer, benefits from the country's diversified and robust economy, primarily driven by strong tourism, a burgeoning financial services sector, and a significant digital gaming industry, which collectively underpin its fiscal stability and capacity to meet its financial obligations. The bond, denominated in Euros (EUR), represented a total issuance size amounting to ?14,329,000, signifying a specific component of the nation's public debt portfolio. A distinctive feature of this bond was its 0% interest rate, a characteristic typically associated with zero-coupon bonds, where investors' returns are derived from the difference between the discounted issue price and the full face value repaid at maturity, and its payment frequency of one indicated a single principal repayment event. This security successfully reached its stipulated maturity date on November 16, 2023, at which precise juncture its market price was noted at 100% of its nominal value, reflecting its full par redemption. In confirmation of its concluded lifecycle and the issuer's timely fulfillment of its commitments, this bond has subsequently matured and has been entirely redeemed, ensuring all obligations to bondholders have been met as scheduled.