Bond Zambie 0% ( ZM3000010246 ) in ZMW

Issuer	Zambie
Market price	100 % ⇌
Country	Zambia
ISIN code	ZM3000010246 ( in ZMW )
Interest rate	0%
Maturity	05/06/2023 - Bond has expired
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Minimal amount	5 000 ZMW
Total amount	2 770 000 ZMW
Detailed description	Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. A Zambian government bond, identified by ISIN ZM3000010246, has successfully reached its maturity date of June 5, 2023, and has been fully repaid. Issued by Zambia, a Southern African nation with an economy largely underpinned by its copper mining industry and efforts towards economic diversification, this specific debt instrument was denominated in Zambian Kwacha (ZMW). The total size of the issuance stood at ZMW 2,770,000, with a minimum purchase requirement of ZMW 5,000 for investors. Notably, the bond carried a 0% interest rate, suggesting its structure as a zero-coupon bond where investor returns are typically derived from the discount at which it was initially purchased relative to its par value. Upon its maturity, the bond was reported at a market price of 100%, confirming its full redemption. The reported single payment frequency is consistent with the final principal repayment characteristic of such a matured instrument, signifying the completion of the issuer's commitment on this particular debt.