Bond România 0% ( RO53F6J1MOK3 ) in RON

Issuer	România
Market price	100 % ⇌
Country	Romania
ISIN code	RO53F6J1MOK3 ( in RON )
Interest rate	0%
Maturity	25/07/2023 - Bond has expired
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Minimal amount	5 000 RON
Total amount	375 700 000 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. The Romanian Ministry of Public Finance recently concluded the lifecycle of a specific debt instrument, a sovereign bond identified by its ISIN RO53F6J1MOK3, which reached its maturity date on July 25, 2023, and has since been fully redeemed. As the sovereign issuer, Romania, a dynamic economy situated in Southeastern Europe, regularly engages in capital markets to manage its national debt and fund governmental operations through the issuance of various fixed-income securities. This particular bond, denominated in Romanian Lei (RON), represented a total issuance size of 375,700,000 RON. Investors could acquire this security with a minimum purchase amount set at 5,000 RON. A notable characteristic was its stated interest rate of 0%, indicating that investors likely acquired the bond at a discount, with the implied yield derived from the difference between the discounted purchase price and its 100% redemption value at maturity. The bond was structured with a single payment event, which in this case was its final principal repayment. Upon its designated maturity date of July 25, 2023, the bond's principal was repaid to all holders, confirming its successful redemption at 100% of its face value, thereby completing its tenure in the market.