According to the Law on Securities in Macedonia, bonds can be issued by companies, banks, municipalities and the state. The majority of bonds traded on the Macedonian Stock Exchange are government bonds, with the maturity period ranging from 2 to 10 years. They are nominated in Macedonian Denars or in Euros. All bonds currently traded on the Macedonian Stock Exchange have fixed interest. The issuers pay interest once a year or once every six months (noted on the coupon maturity date).
Bonds on the Stock Exchange are traded as a percentage of the principal. After the purchase, the issuer of the bond will transfer the amount of interest and principal to your transaction account on the previously specified days stated in the Prospectus of the bond. After selling the bond, you will receive both the principal and interest for the period from the last coupon until the day of the sale Accordingly, you do not need to wait until the coupon maturity date to receive interest.