Bond Columbia Britannica 0% ( CA11066ZHC73 ) in CAD

Issuer	Columbia Britannica
Market price	100 % ⇌
Country	Canada
ISIN code	CA11066ZHC73 ( in CAD )
Interest rate	0%
Maturity	19/11/2027
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Minimal amount	1 CAD
Total amount	/
Cusip	11066ZHC7
Detailed description	British Columbia is a Canadian province located on the western coast of the country, known for its diverse geography, including mountains, forests, and coastline, as well as its thriving economy based on natural resources and tourism. A prominent financial instrument in the Canadian debt landscape is the Province of British Columbia bond, uniquely identified by ISIN CA11066ZHC73 and CUSIP 11066ZHC7. The issuer, British Columbia, is a highly regarded provincial government within Canada, known for its strong fiscal management and access to capital markets for funding public services and infrastructure, thereby representing a credit quality akin to sovereign debt. This specific obligation is characterized as a zero-coupon bond, meaning it carries a stated interest rate of 0% and does not disburse periodic interest payments; instead, an investor's return is realized through the appreciation of the bond from its purchase price to its face value upon maturity. Denominated in Canadian Dollars (CAD) and currently observed trading at par, or 100% of its face value, this bond is scheduled to mature on November 19, 2027. The current market price at 100% for a zero-coupon bond with a 0% interest rate implies that its yield to maturity is effectively zero percent, a situation that reflects particular market dynamics or its specific issuance characteristics. Accessible to investors with a minimum purchase size of one unit, the reported payment frequency of '1' for this zero-coupon instrument refers to the singular, lump-sum repayment of principal at the aforementioned maturity date.