Bond România 0% ( RO1415CTN057 ) in RON

Issuer	România
Market price	100 % ⇌
Country	Romania
ISIN code	RO1415CTN057 ( in RON )
Interest rate	0%
Maturity	30/03/2015 - Bond has expired
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Minimal amount	5 000 RON
Total amount	1 029 180 000 RON
Detailed description	Romania is a Southeastern European country bordering the Black Sea, known for its diverse landscapes, rich history encompassing Roman, Dacian, and medieval influences, and a vibrant culture featuring traditional music, folklore, and a unique blend of Eastern and Western European traditions. A specific fixed-income instrument issued by the Romanian state, identified by its ISIN code RO1415CTN057, has successfully reached its maturity and been fully repaid. The issuer, Romania, is a sovereign state and an active participant in global financial markets, utilizing debt instruments to finance its national budget and support public sector initiatives. As a member of the European Union, Romania?s debt issuances are a key component of its public finance strategy, reflecting its economic standing and fiscal management. This particular obligation, denominated in Romanian Leu (RON), represented a total issuance size of RON 1,029,180,000. Notably, it was structured as a zero-coupon bond, indicating an interest rate of 0, meaning investors received no periodic interest payments but were rather compensated through the difference between the purchase price and the bond's par value at maturity. The minimum acquisition size for this domestic issuance, which originated in Romania, was RON 5,000. The bond matured on March 30, 2015, and was subsequently repaid at its full market value of 100% on that date, marking its successful retirement from the market.