Bond Québec Province 0% ( CA74815Z5M01 ) in CAD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA74815Z5M01 ( in CAD )
Interest rate	0%
Maturity	21/09/2039
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Minimal amount	1 CAD
Total amount	/
Cusip	74815Z5M0
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. A detailed examination reveals an outstanding bond issued by the Province of Quebec, identifiable by its ISIN CA74815Z5M01 and CUSIP 74815Z5M0. The Province of Quebec, a major Canadian provincial government, stands as a prominent and generally well-regarded issuer in the global debt markets, recognized for its stable governance and significant economic contribution within the Canadian confederation, encompassing diverse sectors such as natural resources, manufacturing, and a robust service industry. Consequently, its bond issuances are typically considered high-quality investments due to the backing of a sub-sovereign entity with sound fiscal management. This specific bond, denominated in Canadian Dollars (CAD) and issued within Canada, presents a unique structure as a zero-coupon instrument, indicated by its 0% interest rate. Zero-coupon bonds, by design, do not provide periodic interest payments; instead, investors traditionally realize their return through the difference between a discounted purchase price and the full face value received at maturity. With a maturity date set for September 21, 2039, this bond represents a long-term investment horizon. Its current market price is quoted at 100% of its face value, an important detail given its zero-coupon nature and distant maturity; this implies that investors acquiring the bond at its current market price would not achieve a yield from capital appreciation if held until maturity, as the instrument is trading at par. The minimum purchase size for this instrument is set at 1 unit, making it accessible to a wide range of investors. Furthermore, the 'payment frequency' notation of 1 for a zero-coupon bond explicitly indicates that the sole principal repayment occurs at the stated maturity.