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ItalianoBond Manitoba 0% ( CA56346ZP270 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price |  100 % ⇌ |
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| Country |  Canada
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| ISIN code |
 CA56346ZP270 ( in CAD )
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| Interest rate | 0% | ||||||||
| Maturity | 03/05/2060 | ||||||||
| Minimal amount | 1 CAD | ||||||||
| Total amount | / | ||||||||
| Cusip | 56346ZP27 | ||||||||
| 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. This financial instrument, identified by ISIN CA56346ZP270 and CUSIP 56346ZP27, is a bond issued by the Province of Manitoba. Manitoba is one of Canada's ten provinces, operating as a sub-sovereign government entity that regularly accesses capital markets to finance its public services, infrastructure projects, and general expenditures, and is recognized for its stable economic framework and prudent fiscal management within the Canadian federal system. The bond is denominated in Canadian Dollars (CAD) and is currently observed trading at 100% of its face value in the market. A defining feature of this particular security is its 0% interest rate, categorizing it as a zero-coupon bond, which implies no periodic interest payments are distributed to bondholders. While the 'payment frequency' is specified as 1, for a zero-coupon instrument, this refers solely to the single principal repayment occurring at its exceptionally long maturity date of March 5, 2060. The minimum purchase size for this specific bond is set at 1 unit, making it accessible for individual or institutional investors seeking long-term exposure to a provincial government's debt, albeit one currently offering a zero-yield profile based on its stated market price and interest rate. |
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