Bond Zambie 0% ( ZM3000009222 ) in ZMW

Issuer	Zambie
Market price	100 % ⇌
Country	Zambia
ISIN code	ZM3000009222 ( in ZMW )
Interest rate	0%
Maturity	05/12/2022 - Bond has expired
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Minimal amount	5 000 ZMW
Total amount	515 900 000 ZMW
Detailed description	Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. An analysis of the debt instrument identified by ISIN ZM3000009222, categorized as a bond, reveals an obligation issued by the Republic of Zambia. As the sovereign issuer, Zambia, a key nation within Southern Africa's developing economies, leverages such financial instruments to secure capital for its national budgetary needs and developmental initiatives, demonstrating its participation in global capital markets and its commitment to public finance management. This particular bond, denominated in Zambian Kwacha (ZMW), represented a total issue size of ZMW 515,900,000, with a minimum purchase threshold set at ZMW 5,000. Notably, the instrument carried a stated interest rate of 0%, a characteristic often associated with zero-coupon bonds where investor returns are derived from the difference between a discounted purchase price and the face value repayment at maturity. The bond maintained a market price of 100% prior to its maturity, indicating its valuation at par. It reached its scheduled maturity date on December 5, 2022, at which point it was fully repaid, thereby fulfilling the Republic of Zambia's obligations to its bondholders.