Bond Argentína 0% ( US040114AW01 ) in USD
Issuer | Argentína |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 30/11/2002 - Bond has expired |
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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Minimal amount | 1 000 USD |
Total amount | 500 000 000 USD |
Cusip | 040114AW0 |
Detailed description |
Argentina is a South American country known for its diverse geography, ranging from the Andes Mountains to the Pampas grasslands, and its rich cultural heritage blending European and indigenous influences. This financial instrument, identified as a bond with ISIN code US040114AW01 and CUSIP US040114AW0, was issued by the Republic of Argentina. Argentina, a prominent sovereign entity in South America with a notable economic reliance on agriculture and commodity exports, served as the obligor for this debt. The bond was denominated in United States Dollars (USD) and represented a total issuance size of $500,000,000, with a minimum investment threshold of $1,000. It featured a 0% interest rate, characteristic of a zero-coupon bond, meaning investors would typically receive the full face value at maturity rather than periodic interest payments. The bond's maturity date was November 30, 2002. Despite an indicated market price of 100% (likely reflecting its original par value at issuance or maturity), the Republic of Argentina subsequently entered into default on its sovereign debt obligations. Consequently, consistent with the nature of a zero-coupon instrument, the principal repayment due at maturity was not honored, and all payment obligations ceased. Although a payment frequency of two (implying semi-annual) was noted, this characteristic became largely irrelevant given the bond's zero-coupon structure and its ultimate default on the final principal payment. |