Bond Ontarian Province 0% ( CA68323ZL985 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323ZL985 ( in CAD )
Interest rate	0%
Maturity	08/09/2027
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Minimal amount	1 CAD
Total amount	/
Cusip	68323ZL98
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. This financial analysis details a specific debt instrument issued by the Province of Ontario, identifiable by its ISIN CA68323ZL985 and CUSIP 68323ZL98. The Province of Ontario, the issuer of this bond, stands as Canada's most populous and economically dominant sub-sovereign entity, contributing approximately 40% to the nation's Gross Domestic Product. Renowned for its diversified economy, encompassing robust manufacturing, financial services, and technology sectors, Ontario benefits from a stable fiscal framework within the Canadian federation, typically enjoying strong credit ratings from major agencies. The Province regularly accesses capital markets to fund essential public services, infrastructure development, and capital expenditures, positioning its obligations as a significant and generally low-risk component within the broader Canadian fixed-income landscape. This particular bond, denominated in Canadian Dollars (CAD), is set to mature on September 8, 2027. A distinctive feature of this instrument is its stated interest rate of 0%, classifying it as a zero-coupon bond. While zero-coupon bonds are conventionally purchased at a discount to their face value, with the investor's return stemming from the difference between the purchase price and the full principal amount received at maturity, the current market price for this bond is quoted at 100% of its par value. For a zero-coupon instrument trading at par, the implied yield to maturity is effectively 0%, indicating that investors acquiring this bond at its current market price and holding it until its September 2027 maturity would primarily be seeking capital preservation rather than periodic income or capital appreciation. The minimum purchase size for this specific bond is set at 1 unit, offering accessibility to various investor profiles, and the specified payment frequency of 1 refers to the single principal repayment distributed upon the bond's maturity date.