Bond Ontarian Province 0% ( CA6832Z5E970 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA6832Z5E970 ( in CAD )
Interest rate	0%
Maturity	10/02/2021 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	400 000 000 CAD
Cusip	6832Z5E97
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 analysis of the debt instrument identified by ISIN CA6832Z5E970 (CUSIP: 6832Z5E97), a bond issued by the Province of Ontario, details its concluded financial lifecycle. The Province of Ontario, recognized as a significant sub-sovereign borrower within Canada, consistently leverages its robust financial standing and borrowing capacity to fund critical public services and extensive infrastructure development projects across the province. This specific fixed-income security, denominated in Canadian Dollars (CAD), was notable for its 0% interest rate, characterizing it as a zero-coupon bond designed to deliver a single principal payment upon maturity rather than periodic interest disbursements. With an initial total issue size of CAD 400,000,000 and a minimum purchase increment set at CAD 1,000, the bond reached its scheduled maturity date on February 10, 2021. Consistent with its structure and market expectations, the bond has been fully redeemed, confirming its repayment at par and the complete fulfillment of its obligations by the Canadian provincial issuer.