Bond Southern Australian Finance Authority 0% ( AU3FN0048625 ) in AUD

Issuer	Southern Australian Finance Authority
Market price	100 % ⇌
Country	Australia
ISIN code	AU3FN0048625 ( in AUD )
Interest rate	0%
Maturity	12/06/2020 - Bond has expired
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Minimal amount	500 000 AUD
Total amount	500 000 000 AUD
Detailed description	The South Australian Financing Authority (SAFA) is a state-owned corporation providing financial assistance and investment to support the development of South Australia's economy, primarily through loans, loan guarantees, and equity investments in businesses and infrastructure projects. A fixed-income instrument, identified by ISIN AU3FN0048625, has successfully matured and been fully redeemed. This particular bond was issued by the South Australian Financing Authority (SAFA), which serves as the central borrowing authority and financial asset manager for the Government of South Australia. SAFA's mandate encompasses managing the state's debt and investment portfolios, providing comprehensive financial services to public sector agencies, and securing funding for the state's infrastructure and public services, thereby playing a pivotal role in the financial governance and economic development of South Australia. Issued in Australian Dollars (AUD), the bond represented a total issuance size of AUD 500,000,000, with a minimum purchase denomination set at AUD 500,000. Notably, the instrument carried a 0% interest rate, classifying it as a zero-coupon bond, meaning no periodic interest payments were made to investors. The bond's market price at the time of its final settlement was 100% of its face value, reflecting its par redemption. Having matured on June 12, 2020, the full principal amount was disbursed to investors on this single payment date, concluding its lifecycle.