Bond Ghanan 0% ( GHGCMB068801 ) in GHS

Issuer	Ghanan
Market price	100 % ⇌
Country	Ghana
ISIN code	GHGCMB068801 ( in GHS )
Interest rate	0%
Maturity	16/05/2023 - Bond has expired
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Minimal amount	1 GHS
Total amount	631 255 237 GHS
Detailed description	Ghana is a West African country known for its rich history, diverse culture, vibrant arts scene, and significant role in the transatlantic slave trade. A recent update regarding the sovereign debt instrument with ISIN Code GHGCMB068801 confirms its full maturity and successful redemption. This bond, classified as an 'Obligation', was issued by the Republic of Ghana, a West African nation actively engaged in global financial markets to finance its developmental projects, infrastructure initiatives, and broader fiscal requirements. The bond, denominated in Ghanaian Cedis (GHS) and with Ghana as its country of issuance, reached its scheduled maturity date on May 16, 2023. At the point of its final settlement, the instrument's market price stood at 100% of its face value, reflecting its full repayment. The total principal amount for this specific issuance was GHS 631,255,237, with a minimum purchase size set at 1 unit. A notable characteristic of this bond was its 0% stated interest rate, suggesting it was either a zero-coupon bond, where the return is derived from the discount at issuance, or that all interest obligations had been fulfilled by maturity. Its payment frequency was recorded as 1, typically signifying annual payments or, in the case of zero-coupon instruments, the singular principal payment at maturity. Consequently, as of the maturity date, all liabilities associated with this bond have been fully discharged and the instrument is no longer active in the market.