Bond Ontarian Province 0% ( CA68327ZAD74 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68327ZAD74 ( in CAD )
Interest rate	0%
Maturity	08/03/2031
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Minimal amount	1 CAD
Total amount	/
Cusip	68327ZAD7
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. The Province of Ontario, a prominent sub-sovereign entity and Canada's most populous province, has issued a specific financial instrument, detailed for market participants. Ontario's economic profile is robust and diverse, encompassing significant contributions from manufacturing, technology, natural resources, and a comprehensive services sector, underpinning its strong credit standing as a provincial government. This financial stability and its essential role in delivering public services position the Province of Ontario's debt instruments as high-quality fixed-income investments. This particular bond, officially classified as an obligation, is identified by its unique ISIN CA68327ZAD74 and CUSIP 68327ZAD7. Issued from Canada, the bond is denominated in Canadian Dollars (CAD) and is currently trading at 100% of its face value on the market. A defining characteristic of this instrument is its 0% interest rate, indicating that it functions as a zero-coupon bond. Such bonds do not disburse periodic interest payments but are typically purchased at a discount to their face value and mature at par, with the return generated from the accretion of value over time. The maturity date for this instrument is set for March 8, 2031. The minimum purchase size for this bond is one unit, and while a payment frequency of 1 is noted, for a zero-coupon bond, this typically refers to the singular principal repayment event occurring at maturity. This type of security may appeal to investors seeking a predetermined future payout or those looking to manage reinvestment risk within a diversified fixed-income portfolio.