Bond Ontarian Province 0% ( CA6832Z5EA49 ) in CAD

Issuer	Ontarian Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA6832Z5EA49 ( in CAD )
Interest rate	0%
Maturity	15/07/2020 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	/
Cusip	6832Z5EA4
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 report pertains to a Canadian zero-coupon bond, identified by ISIN CA6832Z5EA49 and CUSIP 6832Z5EA4. The issuer, the Province of Ontario, is Canada's most populous province and a major economic engine, known for its diverse industrial base, significant natural resources, and robust public sector, frequently accessing capital markets to fund its extensive infrastructure and operational requirements. This debt instrument notably featured a 0% interest rate, categorizing it as a zero-coupon bond, meaning investors did not receive periodic interest payments but rather anticipated returns through the difference between the purchase price and the full face value received at maturity. Denominated in Canadian Dollars (CAD), the bond had a minimum purchase size of 1,000 units. Originally structured with a maturity date of July 15, 2020, the bond reached its full term and was subsequently redeemed at 100% of its face value, as indicated by its final market price; despite the zero-coupon nature, its '1' payment frequency notation typically referred to a single principal repayment at maturity, concluding its lifecycle as a fully settled and repaid obligation.