Bond România 0% ( RO1616CTN043 ) in RON

Issuer	România
Market price	100 % ⇌
Country	Romania
ISIN code	RO1616CTN043 ( in RON )
Interest rate	0%
Maturity	05/09/2016 - Bond has expired
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Minimal amount	5 000 RON
Total amount	1 000 000 000 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 zero-coupon bond, identified by ISIN RO1616CTN043, issued by Romania, an emerging market economy and European Union member state serving as the sovereign issuer for this debt instrument, has reached its maturity and been fully repaid. Denominated in Romanian Lei (RON), this particular bond had a total issuance size of 1,000,000,000 RON, with a minimum purchase size set at 5,000 RON. Characterized by a 0% interest rate, it functioned as a pure discount instrument, meaning investors acquired it below par and received its face value at maturity, which also explains the single payment frequency upon redemption. With its maturity date on September 5, 2016, this debt obligation has successfully reached its full term and, as confirmed by its 100% market price at maturity, was repaid at par, demonstrating the issuer's fulfillment of its financial commitments.