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ItalianoBond Zambie 9% ( ZM1000005141 ) in ZMW
| Issuer | Zambie |
| Market price | 100 % ⇌ |
| Country |  Zambia
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| ISIN code |
 ZM1000005141 ( in ZMW )
|
| Interest rate | 9% per year ( payment 1 time a year) |
| Maturity | 21/02/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 5 000 ZMW |
| Total amount | 135 130 000 ZMW |
| Detailed description |
Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. The ZM1000005141 bond, a sovereign debt instrument issued by the Republic of Zambia, the Southern African nation and its country of issuance, has officially reached its scheduled maturity date of February 21, 2024, and has been fully repaid. This obligation, an integral component of Zambia's public finance strategy, was denominated in Zambian Kwacha (ZMW) and carried an annual interest rate of 9%. The total issuance size for this specific bond stood at 135,130,000 ZMW, with investors having the opportunity to acquire a minimum of 5,000 ZMW per purchase. As the issuer, Zambia's successful repayment of this bond, which had maintained a market price of 100% prior to its maturity, underscores its adherence to its financial commitments, effectively closing the lifecycle of this particular debt instrument and ensuring bondholders received their principal and any outstanding interest. |