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ItalianoBond Manitoba 0% ( CA56347PFL72 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price | 100 % ⇌ | ||||||||
| Country |  Canada
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| ISIN code |
 CA56347PFL72 ( in CAD )
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| Interest rate | 0% | ||||||||
| Maturity | 09/05/2023 - Bond has expired | ||||||||
| Minimal amount | 1 000 CAD | ||||||||
| Total amount | 100 000 000 CAD | ||||||||
| Cusip | 56347PFL7 | ||||||||
| 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. The Province of Manitoba, a constituent province of Canada and the issuer of the debt instrument identified by ISIN CA56347PFL72 and CUSIP 56347PFL7, has successfully fulfilled its obligations regarding this specific bond. As a sovereign entity within Canada, Manitoba typically issues debt to finance provincial operations and infrastructure, benefiting from the country's stable economic and political environment, which generally assures investors of the province's capacity to meet its financial commitments. This particular bond, denominated in Canadian Dollars (CAD), was notable for its zero-coupon structure, reflected by its stated interest rate of 0%, meaning it did not provide periodic interest payments but was instead designed to mature at its full face value, offering returns through price appreciation from a discounted issue price. The total issue size for this bond was CAD 100,000,000, with a minimum investment threshold set at CAD 1,000. This instrument reached its maturity date on September 5, 2023, and, as indicated by its current market price of 100% at that time, has been fully redeemed and reimbursed to bondholders, signifying the successful conclusion of its term with a single principal payment upon maturity. |
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