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ItalianoBond Manitoba 0% ( CA56346ZM616 ) in CAD
| Issuer | Manitoba | ||||||||||||||||||||||||||||||||||||||||||||||||
| Market price |  100 % ⇌ |
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| Country |  Canada
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| ISIN code |
 CA56346ZM616 ( in CAD )
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| Interest rate | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | 03/05/2054 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Minimal amount | 1 CAD | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | / | ||||||||||||||||||||||||||||||||||||||||||||||||
| Cusip | 56346ZM61 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Detailed description |
Manitoba, a central Canadian province, is known for its diverse geography encompassing prairies, boreal forests, and the vast expanse of Hudson Bay, boasting a rich history shaped by Indigenous cultures and European settlement. An in-depth analysis of a specific debt instrument issued by the Province of Manitoba highlights its unique characteristics within the Canadian fixed-income market. Designated as a bond, this offering carries the ISIN CA56346ZM616 and CUSIP 56346ZM61. The issuer, the Province of Manitoba, is a stable and economically diverse Canadian province renowned for its strong resource-based industries, including agriculture, manufacturing, and particularly, hydroelectric power. As a sovereign entity within the robust Canadian federal system, Manitoba's debt obligations are generally regarded as high-quality investments, benefiting from prudent fiscal management and economic stability, which underpin its creditworthiness in global capital markets. This particular bond is denominated in Canadian Dollars (CAD) and originates from Canada, ensuring its alignment with domestic market dynamics. A prominent feature of this bond is its 0% stated interest rate, which typically categorizes it as a zero-coupon instrument, where investor returns are traditionally realized through the acquisition of the bond at a discount to its face value and subsequent receipt of the full principal at maturity. However, the current market price is listed at 100% of par value, indicating that, at this specific valuation, the bond does not offer periodic coupon payments nor does it provide a yield derived from a purchase discount. With a long-dated maturity of March 5, 2054, this instrument is positioned for investors seeking exposure to long-term debt strategies. The minimum purchase size is set at 1 unit, making it accessible for standard trading. Although a payment frequency of 1 is specified, for a bond structured with a 0% interest rate, this effectively signifies a single principal repayment occurring solely at its maturity date. |
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