Bond Bundesregierung: Republik Österreich 0% ( XS2798896143 ) in USD

Issuer	Bundesregierung: Republik Österreich
Market price	100 % ⇌
Country	Austria
ISIN code	XS2798896143 ( in USD )
Interest rate	0%
Maturity	03/05/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	/
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). The financial markets recently witnessed the culmination of a sovereign debt instrument, ISIN XS2798896143, issued by the Central Government of the Republic of Austria. As a prominent and highly-rated sovereign issuer within the Eurozone, the Austrian government regularly taps into international capital markets to finance its public expenditures and manage its national debt, benefiting from a robust economic framework and political stability, ensuring its capacity to meet financial obligations. This particular bond, denominated in US Dollars (USD) and originating from Austria, was structured as a zero-coupon instrument, characterized by a 0% interest rate and consequently, no periodic coupon payments were disbursed, with investors typically acquiring such instruments at a discount and realizing their return upon the full principal repayment. The bond reached its designated maturity date on May 3, 2024, at which point it was successfully redeemed at its par value of 100%, signifying the complete fulfillment of its financial obligations.