Bond Canadá 0% ( CA1350Z7TY08 ) in CAD

Issuer	Canadá
Market price	100 % ⇌
Country	Canada
ISIN code	CA1350Z7TY08 ( in CAD )
Interest rate	0%
Maturity	08/05/2014 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	14 300 000 000 CAD
Cusip	1350Z7TY0
Detailed description	Canada is a North American country comprising ten provinces and three territories, known for its diverse geography, multicultural population, and advanced economy. A specific debt instrument issued by the Government of Canada, identified by ISIN CA1350Z7TY08 and CUSIP 1350Z7TY0, has successfully reached its maturity date of May 8, 2014, and has subsequently been fully redeemed, marking the conclusion of its lifecycle. This particular bond, denominated in Canadian Dollars (CAD) and representing a total original issue size of CAD 14.3 billion, was noteworthy for its 0% stated interest rate, strongly indicating its structure as a zero-coupon bond where investors' returns were derived from purchasing at a discount and being repaid at 100% of par value upon maturity. The minimum purchase size for this instrument was CAD 1,000, making it accessible to a range of investors. The issuer, the Government of Canada, stands as a highly reputable and stable sovereign entity in global financial markets, recognized for its strong fiscal discipline, robust economic framework, and consistent commitment to meeting its financial obligations, typically commanding a high credit rating and attracting a diverse international investor base to its debt instruments, which are widely regarded as safe-haven assets. The bond's market price at the time of maturity stood at 100% of its par value, consistent with its imminent redemption, and its successful maturation and repayment reinforce Canada's standing as a reliable sovereign borrower, with the single payment frequency signifying the principal repayment at term.