Italy is a country in Southern Europe with a diverse geography encompassing the Alps, Apennine Mountains, and extensive coastlines, known for its rich history, art, culture, and cuisine.
This article provides an analytical overview of a specific sovereign bond, identified by ISIN XS2166502398, which was issued by the Republic of Italy. Italy, a pivotal member state of the European Union and the Eurozone's third-largest economy, maintains a significant presence in global financial markets as a sovereign debt issuer, consistently issuing various types of government securities to finance its public expenditure and manage national debt. This particular bond, denominated in Euros (EUR), featured a 0% interest rate, categorizing it as a zero-coupon instrument, which implies that investors typically derive returns from the discount at which it was purchased relative to its par value at maturity. The total issuance size for this obligation was substantial, amounting to EUR 2,000,000,000, with a minimum purchase size set at EUR 500,000, catering primarily to institutional investors and large-scale market participants. The bond reached its scheduled maturity date on May 5, 2021, and its market price at that juncture was confirmed at 100%, indicating that the principal amount was fully repaid to bondholders. As explicitly stated, this bond successfully completed its lifecycle, having matured and been fully redeemed, thereby fulfilling its obligations to investors and concluding its active presence in the secondary market.
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Italy
XS2166502398 ( in EUR )
