Bond Ontarian Province 0% ( CA68323Z5F29 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323Z5F29 ( in CAD )
Interest rate	0%
Maturity	02/06/2032
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Minimal amount	1 CAD
Total amount	/
Cusip	68323Z5F2
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, a highly reputable sub-sovereign entity within Canada recognized for its robust economic framework and stable governance, has issued a specific debt instrument, identified by ISIN CA68323Z5F29 and CUSIP 68323Z5F2, which is presently valued at 100% of its nominal principal on the market, denominated in Canadian Dollars (CAD). This bond is distinctively categorized as a zero-coupon obligation, as evidenced by its 0% interest rate, and is set to mature on June 2, 2032, with a minimum acquisition threshold of 1 unit. While zero-coupon bonds are conventionally designed for investors to realize their return through the discount at which they are purchased, appreciating to their full face value upon maturity, the reported current market price of 100% for this particular 0% interest bond suggests a unique investment profile, implying that, if acquired at this price, the yield to maturity would inherently be 0%, positioning it for consideration within a portfolio potentially for nominal principal preservation or for specific strategic and fiscal objectives, leveraging its issuer's strong creditworthiness as a Canadian provincial government.