Bond Bundesregierung: Republik Österreich 0% ( XS2585933919 ) in USD

Issuer	Bundesregierung: Republik Österreich
Market price	100 % ⇌
Country	Austria
ISIN code	XS2585933919 ( in USD )
Interest rate	0%
Maturity	22/03/2023 - 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). This financial analysis details a specific sovereign bond, identified by ISIN XS2585933919, which was issued by the Republic of Austria, the central government of Austria. As a highly developed European nation and a member state of the European Union and the Eurozone, Austria is renowned for its stable economic environment and strong creditworthiness, frequently issuing sovereign debt instruments to finance its public expenditures and manage its national debt. This particular bond, denominated in USD, matured on March 22, 2023. It featured a 0% interest rate, categorizing it as a zero-coupon bond, meaning investors did not receive periodic interest payments but rather earned returns from the difference between its purchase price and its redemption value at maturity. Although a payment frequency of 2 was specified, which typically denotes semi-annual coupon distributions, this characteristic would not apply to interest payments for a zero-coupon instrument. The bond's market price at the time of maturity was recorded at 100% of its face value, signifying it was redeemed at par. Indeed, this obligation has successfully reached its maturity date and has been fully redeemed.