Bond Albertia 2.85% ( CA01306ZCU36 ) in CAD

Issuer	Albertia
Market price	100 % ⇌
Country	Canada
ISIN code	CA01306ZCU36 ( in CAD )
Interest rate	2.85% per year ( payment 1 time a year)
Maturity	19/01/2024 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	100 000 000 CAD
Cusip	01306ZCU3
Detailed description	Alberta is a western Canadian province known for its vast prairies, Rocky Mountains, oil sands, and diverse economy encompassing agriculture, energy, and tourism. This financial analysis focuses on a specific bond issue, identified by its ISIN code CA01306ZCU36 and CUSIP 01306ZCU3. The issuer of this fixed-income instrument was the Province of Alberta, a significant sub-sovereign entity within Canada, renowned for its robust economy driven by natural resources and its fiscal stability as a provincial government. Denominated in Canadian Dollars (CAD), this bond carried an annual coupon interest rate of 2.85% and had an original total issue size of CAD 100,000,000, with a minimum purchase increment set at CAD 1,000. Interest payments were structured to occur annually. A critical update for this particular bond is its status: it reached its scheduled maturity date on January 19, 2024, at which point it was fully redeemed at par, consistent with its 100% market value upon repayment.