Bond TransAltaCorp 0% ( CA89348ZDT09 ) in CAD

Issuer	TransAltaCorp
Market price	100 % ⇌
Country	Canada
ISIN code	CA89348ZDT09 ( in CAD )
Interest rate	0%
Maturity	22/04/2029
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Minimal amount	1 CAD
Total amount	/
Cusip	89348ZDT0
Detailed description	TransAlta Corporation is a Canadian independent power producer that generates electricity from a diverse portfolio of renewable and thermal energy sources. This financial analysis focuses on a specific fixed-income instrument, identified as a bond, issued by TransAlta Corporation, a prominent Canadian energy company. The bond is officially designated with ISIN CA89348ZDT09 and CUSIP 89348ZDT0. Issued from Canada, this debt security is currently observed trading at 100% of its face value in Canadian Dollars (CAD) on the market. A notable characteristic of this bond is its 0% interest rate, indicating it functions as a zero-coupon instrument, meaning it does not disburse periodic interest payments to bondholders. Despite the listed 'frequency of payment' as '1,' typically implying annual disbursements, the absence of a coupon rate means that any potential return for investors would fundamentally derive from purchasing the bond at a discount to its face value and subsequently receiving the full principal amount at its maturity. However, its current market price at 100% indicates that buying at this level would not yield a return based on a discount. TransAlta, the issuer, is a leading electricity generation and energy marketing company based in Canada, operating a diversified portfolio that includes hydro, wind, solar, and natural gas power plants, thereby playing a significant role in the nation's energy infrastructure and transition towards cleaner energy sources. This particular bond is set to mature on April 22, 2029, and is available for purchase with a minimum quantity of 1 unit, offering investors an entry point into TransAlta's debt profile.