Bond Telis 0% ( CA87972ZCQ42 ) in CAD

Issuer	Telis
Market price	100 % ⇌
Country	Canada
ISIN code	CA87972ZCQ42 ( in CAD )
Interest rate	0%
Maturity	06/03/2028
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Minimal amount	1 CAD
Total amount	/
Cusip	87972ZCQ4
Detailed description	TELUS is a Canadian multinational telecommunications company offering a wide range of communication products and services including wireless, internet, television, and home security solutions. This financial analysis details a specific fixed-income instrument issued by TELUS, a prominent Canadian telecommunications company. TELUS, headquartered in Vancouver, British Columbia, stands as one of Canada's largest and most diversified telecommunications providers, offering a comprehensive suite of services including wireless voice and data, internet, television, and home phone services to millions of customers across the country. The company is also a significant player in the healthcare technology sector through TELUS Health, reinforcing its strategic market position and robust operational base, factors that typically underpin its credit quality in the capital markets. The bond under consideration is a zero-coupon obligation identified by ISIN CA87972ZCQ42 and CUSIP 87972ZCQ4. This type of bond, characterized by its 0% interest rate, means it does not make periodic interest payments to bondholders. Instead, the investor's return is derived from the bond being issued at a discount to its face value and redeemed at its full par value upon maturity, with the difference constituting the implicit yield. The bond was issued from Canada and is denominated in Canadian Dollars (CAD). Its current market price is quoted at 100% of par, implying that, from this point, the yield to maturity is effectively 0% given the absence of coupon payments. This pricing characteristic, particularly for a zero-coupon bond maturing on March 6, 2028, is highly unusual and generally observed only when a bond is very near its redemption date, or under specific market or contractual circumstances. The minimum purchase size for this bond is 1 unit. While a payment frequency of '1' is indicated, for a zero-coupon bond, this typically refers to the single principal repayment made at the bond's maturity on March 6, 2028, reflecting the non-periodic nature of its cash flows prior to redemption. This bond therefore represents a distinctive fixed-income security within the Canadian market, notable for its zero-coupon structure and specific pricing characteristics.