Bond Columbia Britannica 0% ( CA11066ZNK26 ) in CAD

Issuer	Columbia Britannica
Market price	100 % ⇌
Country	Canada
ISIN code	CA11066ZNK26 ( in CAD )
Interest rate	0%
Maturity	17/06/2028
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Minimal amount	1 CAD
Total amount	/
Cusip	11066ZNK2
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 financial instrument issued by British Columbia, one of Canada's most fiscally sound and economically diverse provinces, presents a notable profile for investors. British Columbia, leveraging its strong credit standing derived from a robust economy encompassing natural resources, technology, and public services, frequently accesses capital markets to finance its operational and developmental needs. This particular fixed-income security, identified by ISIN CA11066ZNK26 and CUSIP 11066ZNK2, is denominated in Canadian Dollars (CAD). It is characterized by a 0% interest rate, indicating its structure as a zero-coupon bond. Zero-coupon bonds typically do not provide periodic interest payments; instead, investors realize their return through the difference between the bond's original discounted purchase price and its full par value received upon maturity. The bond is currently reported to be trading at 100% of its face value. Its maturity date is set for June 17, 2028, with a minimum purchase size of 1 unit. The payment frequency, listed as 1, signifies the single principal repayment due at maturity.