Bond Ontarian Province 0% ( CA68327ZJV81 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA68327ZJV81 ( in CAD )
Interest rate	0%
Maturity	02/06/2053
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Minimal amount	1 CAD
Total amount	/
Cusip	68327ZJV8
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. An insightful analysis reveals key details about a notable fixed-income instrument: a bond issued by the Province of Ontario. Identified by its ISIN CA68327ZJV81 and CUSIP 68327ZJV8, this financial obligation originates from Canada and is denominated in Canadian Dollars (CAD). The bond is currently marked at 100% of its face value in the market. The issuer, the Province of Ontario, stands as Canada's most populous province and a cornerstone of the national economy. Its diverse economic landscape encompasses significant sectors such as manufacturing, technology, finance, and natural resources, underpinning its strong creditworthiness as a sub-sovereign entity. The Province of Ontario is widely recognized in capital markets for its robust fiscal management and stable governance framework, making its debt instruments broadly considered high-quality investments within the Canadian federation. A distinguishing feature of this particular bond is its 0% interest rate, classifying it as a zero-coupon bond. This structure implies that instead of periodic interest payments, the bond is typically acquired at a discount to its par value, with investors realizing their return from the difference between the purchase price and the full principal amount received at its maturity on June 2, 2053. This offers a long-term investment horizon extending over three decades. The minimum acquisition size for this bond is set at one unit, and while a payment frequency of '1' is noted, for a zero-coupon instrument, this refers to the sole principal repayment at maturity.