Bond Zambie 0% ( ZM3000010188 ) in ZMW

Issuer	Zambie
Market price	100 % ▲
Country	Zambia
ISIN code	ZM3000010188 ( in ZMW )
Interest rate	0%
Maturity	06/11/2023 - Bond has expired
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Detailed description	Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. The sovereign bond identified by ISIN ZM3000010188, issued by the Republic of Zambia and denominated in Zambian Kwacha (ZMW), successfully reached its maturity on November 6, 2023, and has been fully redeemed at 100% of its face value. This particular fixed-income instrument stood out for its zero-coupon structure, carrying a 0% interest rate and thus requiring no periodic interest payments, with its entire return realized through the difference between its discounted issue price and its par redemption value. The Republic of Zambia, a landlocked nation located in Southern Africa, serves as the issuer of this debt instrument; its economy is largely driven by its prominent copper mining industry, a key contributor to its national revenues and a significant factor in its standing as a sovereign borrower on international markets, despite ongoing challenges related to public debt management and fiscal stability. The single payment frequency noted for this bond aligns with its zero-coupon nature, signifying the final principal repayment upon its maturation, marking the successful conclusion of this specific financial obligation for the Zambian government.