Bond Ontarian Province 0% ( CA68323ZS261 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323ZS261 ( in CAD )
Interest rate	0%
Maturity	20/06/2021 - Bond has expired
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Minimal amount	1 CAD
Total amount	/
Cusip	68323ZS26
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 instrument, categorized as a bond and specifically identified by ISIN CA68323ZS261 and CUSIP 68323ZS26, was issued by the Province of Ontario, a prominent Canadian sub-sovereign entity recognized for its stable fiscal management and significant participation in domestic and international capital markets. Denominated in Canadian Dollars (CAD), this particular offering was notable for its zero-coupon structure, meaning it carried a stated interest rate of 0%, with investor returns typically realized through a discount at issuance rather than periodic interest distributions. While the bond listed a payment frequency of 1, which for zero-coupon instruments primarily denotes the single principal repayment at term, it had a minimum purchase size of 1 unit. This obligation reached its maturity on June 20, 2021, at which point it was successfully redeemed at par, corresponding to a final market price of 100%, indicating that the full principal amount was repaid to bondholders.