Bond Québec Province 0% ( CA0985ZUU394 ) in CAD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA0985ZUU394 ( in CAD )
Interest rate	0%
Maturity	03/07/2020 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	525 000 000 CAD
Cusip	0985ZUU39
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 in-depth review of a specific debt instrument issued by the Province of Quebec, identifiable by its ISIN CA0985ZUU394 and CUSIP 0985ZUU39, provides insights into the historical financial operations of this significant Canadian sub-sovereign entity. The Province of Quebec, one of Canada's largest and most economically diverse provinces, serves as a crucial component of the nation's fiscal landscape, consistently engaging with capital markets to finance its public services and infrastructure development, reflecting its strong credit profile within the Canadian federation. This particular obligation, denominated in Canadian Dollars (CAD) and issued from Canada, represented a substantial offering with a total issuance volume of CAD 525,000,000. It was structured with a minimum purchase size of CAD 1,000, allowing for broad investor participation. Characterized by a stated interest rate of 0% and a payment frequency of one, this bond functioned as a zero-coupon instrument, implying that investors derived their return from the discount at which it was initially purchased relative to its full principal value at maturity rather than from periodic coupon payments. The instrument successfully reached its maturity date on July 3, 2020, at which point it was fully redeemed at 100% of its principal value, signifying the timely and complete fulfillment of this financial obligation by the Province of Quebec.