Bond Québec Province 0% ( CA74815Z4P41 ) in CAD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA74815Z4P41 ( in CAD )
Interest rate	0%
Maturity	21/09/2028
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Minimal amount	1 CAD
Total amount	/
Cusip	74815Z4P4
Detailed description	Quebec is a predominantly French-speaking province in eastern Canada, known for its unique culture, history, and stunning landscapes, including the Appalachian Mountains and the St. Lawrence River. This financial article details a specific fixed-income instrument issued by the Province of Quebec, a prominent sub-sovereign entity within Canada. The Province of Quebec, renowned for its diverse and robust economy spanning sectors such as natural resources, aerospace, information technology, and a significant hydroelectric power industry, consistently issues debt as part of its fiscal management to fund public services, infrastructure development, and various governmental initiatives. As a key component of the Canadian federation, a G7 nation, Quebec's debt instruments are a significant feature of the domestic and international bond markets, reflecting the province's economic stability and creditworthiness. The bond under review is precisely identified by its ISIN CA74815Z4P41 and CUSIP 74815Z4P4. It is denominated in Canadian Dollars (CAD) and is currently observed to be trading at 100% of its face value on the market. A notable characteristic of this bond is its zero-coupon structure, indicating that it does not pay periodic interest during its term; consequently, its stated interest rate is 0%. The standard mechanism for return on a zero-coupon bond is typically realized through its purchase at a discount to its par value, with the full principal amount repaid at maturity. For this particular security, the minimum purchase size is set at one unit, and the bond is scheduled to mature on September 21, 2028, with a single principal payment upon redemption.