Bond Zambie 0% ( ZM3000007739 ) in ZMW

Issuer	Zambie
Market price	100 % ⇌
Country	Zambia
ISIN code	ZM3000007739 ( in ZMW )
Interest rate	0%
Maturity	07/04/2021 - Bond has expired
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Minimal amount	5 000 ZMW
Total amount	671 520 000 ZMW
Detailed description	Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. A specific Zambian sovereign debt instrument, identified by ISIN ZM3000007739, recently completed its lifecycle, reflecting a key transaction by the Government of Zambia. As an emerging market nation in Southern Africa, Zambia frequently utilizes debt markets to finance its development initiatives and fiscal needs, with its economic landscape?characterized by significant copper reserves, agricultural output, and ongoing efforts towards diversification?often influencing the terms and investor sentiment for its sovereign debt. This particular bond, denominated in Zambian Kwacha (ZMW), represented a total issuance size of ZMW 671,520,000 and was accessible to investors with a minimum purchase threshold of ZMW 5,000, catering to a broad base of participants in the local debt market. Notably, the bond featured a 0% interest rate and a payment frequency of 1, indicating it was issued as a zero-coupon instrument. Such bonds do not make periodic interest payments but are typically sold at a discount to their face value, with investors' return derived from the difference between the purchase price and the full principal amount received at maturity. This ZM3000007739 bond reached its scheduled maturity on April 7, 2021. At the time of its maturity, the bond was fully repaid at 100% of its face value, confirming the issuer's fulfillment of its obligations and underscoring Zambia's commitment to managing its sovereign debt, a crucial factor for maintaining investor confidence and access to future capital markets.