Bond Ontarian Province 0% ( CA68323ZYW36 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323ZYW36 ( in CAD )
Interest rate	0%
Maturity	13/07/2027
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Minimal amount	1 CAD
Total amount	/
Cusip	68323ZYW3
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 article details a specific fixed-income instrument: a bond issued by the Province of Ontario, identified by ISIN CA68323ZYW36 and CUSIP 68323ZYW3. The Province of Ontario, a prominent sub-sovereign entity within Canada, serves as the issuer, recognized for its robust and diversified economy, significant population, and strong fiscal management, which collectively underpin its creditworthiness in global capital markets. This bond, originating from Canada, is currently trading at 100% of its face value, reflecting a par price on the market, and is denominated in Canadian Dollars (CAD). A key characteristic of this instrument is its 0% interest rate, indicating it operates as a zero-coupon bond, meaning investors do not receive periodic interest payments but rather purchase the bond at a discount and realize their return through the receipt of the full face value upon maturity. The maturity date for this bond is set for July 13, 2027, with a minimum purchase size of one unit, and while a payment frequency of "1" is noted, this pertains to the single principal repayment at maturity given its zero-coupon structure, offering investors direct exposure to the credit quality of the Province of Ontario until its final redemption.