Treasury Bonds
Sovereign debt market

Treasury Bonds

Every public country opens its bond programme with a first emission of 10,000 treasury bonds — private countries have no parliament to vote a loan, so they never issue any. Every bond in the world is worth the same: a face value of $0.10, paid in the issuer's own national currency at the exchange rate of the day the emission opened — so the price differs from country to country but the value never does. Each emission is a separate tranche with its own daily coupon rate and its own maturity date, so two bonds from the same country can pay differently and redeem on different days. Hold a bond and the state budget pays its emission's coupon every single day; when the emission matures the treasury buys it back at face value. Buy straight from the treasury or from other citizens, then hold for the coupon or list your own at any price you like. A country's credit rating climbs and falls with its budget — and if the treasury can no longer cover its coupons, it defaults on its debt until its finances recover.

IN

India

AAA · Prime Servicing its debt
Credit rating
AAA
Prime
$1,086.35
State budget
103,354.22
INR · $1,086.35
Held by players
81
4 Holders
Paid per day
1.9526
INR /day
Bonds issued
10,000
On market
9,919
Best ask
9.64
INR
Active emissions
1
0.25%/day

Bond owners

Seiminlen
IN India
27
1
0.6509 INR
Relaxxx
IN India
23
0
0.5544 INR
skaya1000sk
IN India
22
0
0.5303 INR
LenkukiBB
IN India
9
0
0.217 INR