Bond Southern Australian Finance Authority 0% ( AU3SG0000490 ) in AUD

Issuer	Southern Australian Finance Authority
Market price	100 % ⇌
Country	Australia
ISIN code	AU3SG0000490 ( in AUD )
Interest rate	0%
Maturity	20/05/2016 - Bond has expired
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Minimal amount	500 000 AUD
Total amount	2 000 000 000 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. The AU3SG0000490 bond, an Australian-issued debt instrument, was a significant offering from the South Australian Financing Authority, the central borrowing and investment agency for the South Australian Government responsible for managing the state's financial assets and liabilities. This bond, denominated in AUD, represented an original issue size of AUD 2,000,000,000 with a minimum purchase amount of AUD 500,000. Characterized by a 0% interest rate, indicative of a zero-coupon structure where the return is derived from the discount at which it is issued relative to its face value, the bond reached its maturity on May 20, 2016, having been redeemed at 100% of its principal value, concluding its lifecycle with a single, final payment to bondholders.