Bond Ontarian Province 0% ( CA68323ZZE29 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68323ZZE29 ( in CAD )
Interest rate	0%
Maturity	13/01/2031
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Minimal amount	1 CAD
Total amount	/
Cusip	68323ZZE2
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. A specific fixed income instrument, identified by its ISIN CA68323ZZE29 and CUSIP 68323ZZE2, is currently observed in the Canadian debt market. This bond is issued by the Province of Ontario, Canada's most populous province and a significant economic engine, known for its diverse economy spanning manufacturing, technology, finance, and natural resources. The Province of Ontario maintains a reputation for strong fiscal management and high credit ratings, contributing to its debt instruments being widely regarded as high-quality sovereign-backed securities within the Canadian context. Denominated in Canadian Dollars (CAD), this particular bond is a zero-coupon security, characterized by a 0% interest rate, meaning it does not disburse periodic coupon payments. Investors are able to acquire a minimum purchase size of 1 unit, with the security presently trading at its par value of 100% on the market. The bond is scheduled to mature on January 13, 2031, at which point the principal value will be repaid to the bondholder, constituting the single payment event for this zero-coupon obligation.