Bond Québec Province 0% ( CA0985ZUK890 ) in CAD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA0985ZUK890 ( in CAD )
Interest rate	0%
Maturity	08/10/2021 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 CAD
Total amount	75 000 000 CAD
Cusip	0985ZUK89
Detailed description	Quebec is a predominantly French-speaking province in eastern Canada, known for its unique culture, history, and stunning landscapes, including the Appalachian Mountains and the St. Lawrence River. An analysis of a recently matured debt instrument reveals key characteristics of a sub-sovereign issuance from the Canadian market, identified by ISIN CA0985ZUK890 and CUSIP 0985ZUK89. The issuer of this bond is the Province of Quebec, a significant sub-sovereign entity within Canada, a G7 nation, which actively accesses capital markets to finance its public expenditures, infrastructure, and operational budgets, with its creditworthiness assessed based on its robust provincial economy, fiscal management, and the broader Canadian macroeconomic stability. This specific bond, denominated in Canadian Dollars (CAD), had a total issue size of 75,000,000 CAD and a minimum purchase increment of 1,000 CAD. A distinct feature of this instrument was its zero-coupon structure, indicated by an interest rate of 0%, meaning investors' returns were realized through the discount at which the bond was purchased relative to its par value at maturity, rather than through periodic interest payments. Despite a stated payment frequency of 1, characteristic of zero-coupon bonds, the sole cash flow event for investors was the single principal repayment at maturity. The bond reached its maturity on October 8, 2021, and has since been fully redeemed, with its final market value at redemption reflecting 100% of its par value upon repayment.