Bond România 0% ( ROK862CR3924 ) in RON

Issuer	România
Market price	100 % ⇌
Country	Romania
ISIN code	ROK862CR3924 ( in RON )
Interest rate	0%
Maturity	22/03/2023 - Bond has expired
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Minimal amount	5 000 RON
Total amount	258 500 000 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. An analysis of a recently matured sovereign bond reveals key characteristics of a past debt instrument issued by Romania. The Republic of Romania, an emerging market within the European Union and a frequent participant in international capital markets, issued this particular fixed-income security to finance its public expenditures. Identified by the ISIN code ROK862CR3924, this bond was denominated in Romanian Lei (RON) and represented a total issuance size of 258,500,000 RON. Classified as a zero-coupon bond, it carried a stated interest rate of 0%, meaning investors did not receive periodic coupon payments but rather purchased the bond at a discount, with the return realized upon repayment of the full principal amount at maturity. The minimum purchase increment for this instrument was set at 5,000 RON. This bond reached its maturity date on March 22, 2023, and was subsequently repaid at 100% of its face value, confirming its full redemption and the fulfillment of the issuer's obligation to its bondholders.