Bond AIRPORTS CO SOUTH AFRICA SOC LTD 0% ( ZAG000052846 ) in ZAR

Issuer	AIRPORTS CO SOUTH AFRICA SOC LTD
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000052846 ( in ZAR )
Interest rate	0%
Maturity	30/04/2028
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Detailed description	ACSA is a South African state-owned company that manages, operates, and develops nine major airports across the country. Detailed Analysis of AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED Bond (ISIN: ZAG000052846) This financial instrument is identified as a bond, bearing the unique International Securities Identification Number (ISIN) ZAG000052846. The issuer of this particular security is AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED, a significant entity in the South African economy. As a State-Owned Company (SOC Limited), Airports Company South Africa (ACSA) holds a pivotal role in the nation's infrastructure, being responsible for managing and developing the majority of South Africa's major airports, including the O.R. Tambo International Airport in Johannesburg, Cape Town International Airport, and King Shaka International Airport in Durban. Its operations are critical for both domestic and international travel, trade, and tourism, making it a strategic asset for the Republic of South Africa, which is also the country of issuance for this bond. The bond is denominated in South African Rand (ZAR), the official currency of South Africa, aligning it with the issuer's primary operational and revenue streams. As of the latest available data, the bond is trading at a current market price of 100% of its par value. A notable characteristic of this bond is its interest rate, which is stated as 0%. This indicates that the bond is a zero-coupon instrument, meaning it does not pay periodic interest (coupon) payments to bondholders throughout its life. Instead, for zero-coupon bonds, investors typically realize their return from the difference between a discounted purchase price and the full face value received at maturity. However, the current market price of 100% suggests that for any investor acquiring this bond at its current trading level, the yield to maturity would effectively be 0% if held until maturity. The maturity date for this bond is April 30, 2028, at which point the principal amount will be repaid to the bondholders. Consistent with its zero-coupon nature and 0% interest rate, there are no periodic interest payment frequencies; the singular payment event is the principal repayment at maturity.