Bond Québec Province 0% ( CA74815Z7T36 ) in CAD

Issuer	Québec Province
Market price	100 % ⇌
Country	Canada
ISIN code	CA74815Z7T36 ( in CAD )
Interest rate	0%
Maturity	21/09/2051
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Minimal amount	1 CAD
Total amount	/
Cusip	74815Z7T3
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. The financial markets are currently observing a particular long-term debt instrument issued by the Province of Quebec, a prominent sub-sovereign entity within Canada recognized for its robust economic profile and diligent fiscal management. As a consistent participant in the Canadian bond market, Quebec regularly leverages capital markets to finance its public services and critical infrastructure, supported by a diversified economy spanning natural resources, advanced manufacturing, and a strong service sector. This specific bond, identified by ISIN CA74815Z7T36 and CUSIP 74815Z7T3, is denominated in Canadian Dollars (CAD) and has a redemption date of September 21, 2051. A distinguishing characteristic of this security is its zero-coupon nature, meaning it does not disburse periodic interest payments to bondholders; instead, for a standard zero-coupon bond, investors typically acquire it at a discount to its face value, realizing the full return upon its maturity. However, the reported current market price of 100% suggests it is presently trading at its nominal par value, which, combined with its 0% interest rate, implies a 0% yield to maturity if held until its scheduled redemption. The minimum purchase size for this instrument is set at 1 unit, offering accessibility to various investor profiles, and consequently, its payment frequency is singular, occurring solely at maturity when the principal amount is repaid to the bondholder.