Bond Ontarian Province 0% ( CA68323ZJ914 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323ZJ914 ( in CAD )
Interest rate	0%
Maturity	12/07/2032
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Minimal amount	1 CAD
Total amount	/
Cusip	68323ZJ91
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. Analyzing the financial instrument identified by ISIN CA68323ZJ914 and CUSIP 68323ZJ91, this bond is a direct obligation of the Province of Ontario, Canada's most populous province and a pivotal economic driver within the G7 nation. As a sub-sovereign entity, Ontario maintains a strong credit profile, regularly accessing capital markets to finance its extensive public services and infrastructure projects, underscoring its reputation as a stable and significant issuer in the global debt market. This specific bond is denominated in Canadian Dollars (CAD) and currently trades at a market price of 100% of its face value. A distinctive feature of this security is its 0% stated interest rate, which classifies it as a zero-coupon bond; unlike conventional bonds that provide regular coupon payments, investors in this instrument do not receive periodic disbursements but instead are entitled to a single, lump-sum repayment of the principal amount upon its maturity on December 7, 2032. The listed 'Payment Frequency: 1' for this bond specifically refers to this sole principal repayment event at the end of its term. Consequently, given its current trading price at 100% with a 0% coupon rate, purchasing this bond implies a 0% yield to maturity, meaning the investor's return solely consists of the recovery of their principal at the specified maturity date. The minimum purchase size for this bond is set at 1 unit, offering accessibility for various investor profiles interested in a defined principal return without interim cash flows from this Canadian provincial issuer.