Bond Telis 0% ( CA87972ZCX92 ) in CAD

Issuer	Telis
Market price	100 % ⇌
Country	Canada
ISIN code	CA87972ZCX92 ( in CAD )
Interest rate	0%
Maturity	06/09/2031
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Minimal amount	1 CAD
Total amount	/
Cusip	87972ZCX9
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. A detailed examination of a specific fixed-income instrument reveals a notable offering from TELUS, one of Canada's leading telecommunications entities. This bond, identified by ISIN CA87972ZCX92 and CUSIP 87972ZCX9, represents a direct obligation of TELUS, a prominent Canadian issuer. Established as a diversified telecommunications company, TELUS is a key player in Canada's digital infrastructure, providing a comprehensive array of services including wireless, internet, television, and voice communications to a vast customer base. Its operations span across Canada, underscoring its significant market presence and financial stability within the national economy. This particular bond, denominated in Canadian Dollars (CAD), is currently trading at 100% of its par value on the market. A distinct characteristic of this instrument is its stated interest rate of 0%, indicating it functions as a zero-coupon bond. In such a structure, investors typically do not receive periodic interest payments; instead, the return is traditionally realized through the difference between the discounted purchase price and the face value received at maturity. However, with the current market price at 100%, new investors acquire the bond at par. The bond is set to mature on September 6, 2031, signifying the date when the principal amount will be repaid to the bondholder. The minimum acquisition size for this offering is set at one unit, making it accessible for single-unit transactions. The payment frequency, noted as '1', further underscores the zero-coupon nature, implying a single principal repayment event at maturity rather than recurring interest disbursements.