Bond Mexica 0% ( MXMCGO0003L0 ) in MXN
Issuer | Mexica |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 12/09/2019 - Bond has expired |
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Minimal amount | 10 MXN |
Total amount | / |
Detailed description |
Mexico is a country in North America with a rich history spanning pre-Columbian civilizations, Spanish colonial rule, and a vibrant modern era, known for its diverse culture, stunning landscapes, and significant contributions to art, literature, and cuisine. This report provides an in-depth analysis of a specific sovereign bond, identified by ISIN code MXMCGO0003L0. The bond was issued by the Government of Mexico, a prominent emerging market economy in North America that frequently leverages both domestic and international capital markets to fund its operations and manage its national debt; as a sovereign issuer, Mexico's creditworthiness, influenced by its macroeconomic stability, fiscal management, and economic policies, is a key determinant for investors in its debt instruments and the successful fulfillment of its obligations strengthens its position in global financial markets. This particular debt security was denominated in Mexican Pesos (MXN) and was characterized by a 0% interest rate, indicating it was likely a zero-coupon bond where the return for investors was generated from the discount at which it was originally purchased relative to its par value at maturity. The minimum acquisition size for this instrument was established at 10 units, and its original maturity date was set for September 12, 2019, with a reported payment frequency of 1, though the absence of an explicit coupon implies no regular interest distributions throughout its term. Critically, this bond reached its maturity on the specified date, September 12, 2019, and was repaid at its full market value of 100%, signifying that the principal amount was fully redeemed by the issuer, the Government of Mexico, as per the bond's terms and conditions, thereby confirming the timely fulfillment of its obligations to bondholders. |