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ItalianoBond Manitoba 0% ( CA56346ZP353 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price |  100 % ⇌ |
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| Country |  Canada
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| ISIN code |
 CA56346ZP353 ( in CAD )
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| Interest rate | 0% | ||||||||
| Maturity | 03/05/2060 | ||||||||
| Minimal amount | 1 CAD | ||||||||
| Total amount | / | ||||||||
| Cusip | 56346ZP35 | ||||||||
| 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 analysis focuses on a specific debt instrument, a bond identified by ISIN CA56346ZP353 and CUSIP 56346ZP35, issued by the Province of Manitoba, a Canadian sub-sovereign entity whose credit profile is underpinned by a diversified economy encompassing agriculture, natural resources, and manufacturing, benefiting from Canada's broader political and economic stability; this Canadian Dollar (CAD) denominated bond, currently observed at a market price of 100% of its face value, is notably characterized by a 0% stated interest rate, signifying it as a zero-coupon instrument where no periodic interest payments are made, and any investor return would typically arise from purchasing the bond at a discount to its par value for repayment at maturity; given its current trading price at 100% and a long-dated maturity of March 5, 2060, an investor acquiring this bond at its present market value would effectively realize a 0% yield to maturity; the instrument has a minimum acquisition size of 1 unit, and its '1' payment frequency indicates a single principal repayment at its long-dated maturity. |
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