Bond Ontarian Province 12% ( CA68326ZAQ96 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68326ZAQ96 ( in CAD )
Interest rate	12% per year ( payment 1 time a year)
Maturity	07/02/2024 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	/
Cusip	68326ZAQ9
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 provides an overview of the CA68326ZAQ96 bond, identified also by its CUSIP 68326ZAQ9, which was issued by the Province of Ontario. The Province of Ontario, a key sub-sovereign entity within Canada, represents the nation's most populous province and a significant economic force, responsible for a substantial portion of Canada's GDP. Its bond issuances are a critical component of its fiscal strategy, enabling funding for vital public services, infrastructure projects, and ongoing governmental operations. This specific obligation, denominated in Canadian Dollars (CAD), carried a notable annual interest rate of 12%, with a specified minimum purchase size of 1,000 units, and featured an annual payment frequency. Crucially, this bond reached its full maturity on February 7, 2024, at which point it was successfully redeemed at its par value, consistently reported at 100% of its principal, thereby completing its investment lifecycle and ensuring the reimbursement of principal to all bondholders.