Français
ItalianoBond Manitoba 0% ( CA56346ZS324 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price |  100 % ⇌ |
||||||||
| Country |  Canada
|
||||||||
| ISIN code |
 CA56346ZS324 ( in CAD )
|
||||||||
| Interest rate | 0% | ||||||||
| Maturity | 03/05/2068 | ||||||||
| Minimal amount | 1 CAD | ||||||||
| Total amount | / | ||||||||
| Cusip | 56346ZS32 | ||||||||
| 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 details a specific bond issuance, identified by ISIN CA56346ZS324 and CUSIP 56346ZS32, originated by the Province of Manitoba, a sub-sovereign entity within Canada. As one of Canada's ten provinces, Manitoba benefits from a stable political and economic framework, underpinned by a diversified economy encompassing agriculture, manufacturing, and natural resources, typically affording its debt obligations a strong credit profile within the Canadian federal system. The bond, denominated in Canadian Dollars (CAD), currently trades at 100% of its par value on the market. A key characteristic of this instrument is its stated interest rate of 0%, indicating it is a bond with a zero coupon, which means investors do not receive periodic interest payments. With a current market price of 100% and a 0% coupon rate, this particular bond, if acquired at its present market valuation, effectively offers a zero yield to maturity. Its exceptionally long maturity date of March 5, 2068, positions it as an ultra-long-dated instrument, exposing investors to significant interest rate sensitivity due to its extended duration. The specified 'payment frequency' of 1, in conjunction with the zero interest rate, further underscores that the bond's only cash flow for investors will be the single principal repayment at its distant maturity, making it primarily a capital preservation vehicle at its face value, rather than an income-generating asset, with a minimum purchase size set at 1 unit. |
||||||||
| |||||||||