Bond Bundesregierung: Republik Österreich 0% ( XS2497073416 ) in USD

Issuer	Bundesregierung: Republik Österreich
Market price	100 % ⇌
Country	Austria
ISIN code	XS2497073416 ( in USD )
Interest rate	0%
Maturity	26/06/2023 - Bond has expired
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Detailed description	Austria's central government operates under a parliamentary system with a federal structure, comprising the Federal President, the Federal Government (Bundesregierung), and the Federal Parliament (Bundesversammlung). An examination of recent sovereign debt activities highlights the maturation and redemption of a specific bond issued by the Republic of Austria. The Republic of Austria, a highly stable and economically developed nation within the Eurozone, renowned for its strong creditworthiness and sound fiscal policies, consistently engages in international financial markets to manage its national debt. This particular debt instrument, identified by the ISIN code XS2497073416, was denominated in U.S. Dollars (USD) and featured a 0% interest rate, categorizing it as a zero-coupon bond. While the provided data indicated a payment frequency of twice per year, typical for semi-annual coupon distributions, as a zero-coupon instrument, this bond was designed to return its principal value to investors upon maturity without periodic interest payments. The bond reached its full maturity on June 26, 2023, at which point its market price was recorded at 100% of its face value, confirming its successful redemption and the full repayment to bondholders.