Bond Ontarian Province 0% ( CA68323Z5B15 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323Z5B15 ( in CAD )
Interest rate	0%
Maturity	02/06/2030
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Minimal amount	1 CAD
Total amount	/
Cusip	68323Z5B1
Detailed description	Ontario is Canada's most populous province, boasting a diverse economy, abundant natural resources, and major urban centers like Toronto, Ottawa, and Hamilton. The Province of Ontario, Canada's most populous province and a significant economic engine, consistently maintains a robust credit profile as a sovereign issuer. An obligation issued by this highly-rated entity, identifiable by ISIN CA68323Z5B15 and CUSIP 68323Z5B1, is currently circulating in the market. This bond, denominated in Canadian Dollars (CAD), is presently quoted at 100% of its par value. A distinguishing characteristic of this particular debt instrument is its zero-coupon structure, meaning it offers a 0% stated interest rate and, consequently, does not provide periodic interest payments to bondholders. Investors in zero-coupon bonds typically acquire them at a discount to their face value, with the return generated from receiving the full principal amount at the bond's maturity. The bond is scheduled to mature on June 2nd, 2030, with a minimum purchase size set at 1 unit. The stated "single payment" frequency for this obligation refers to the sole repayment of principal at the time of maturity, aligning with its zero-coupon design and offering a direct, long-term exposure to the provincial credit.