Bond Columbia Britannica 0% ( CA11066ZUN81 ) in CAD

Issuer	Columbia Britannica
Market price	100 % ⇌
Country	Canada
ISIN code	CA11066ZUN81 ( in CAD )
Interest rate	0%
Maturity	18/06/2031
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Minimal amount	1 CAD
Total amount	/
Cusip	11066ZUN8
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. This financial instrument, identified by ISIN CA11066ZUN81 and CUSIP 11066ZUN8, represents a debt obligation issued by British Columbia, a politically stable and fiscally sound Canadian provincial government that regularly accesses capital markets to finance its public services and infrastructure projects across Canada. Currently traded on the market at 100% of its face value in Canadian Dollars (CAD), this bond is notably characterized by a 0% interest rate, categorizing it as a zero-coupon instrument, meaning that while traditional coupon payments are absent, the investor's return typically stems from purchasing the bond at a discount to its par value and receiving the full principal repayment at maturity on June 18, 2031, with a minimum purchase quantity of one unit and an implied single principal redemption at the maturity date.