Bond Aotearoa 0% ( NZRTBDTLLEC7 ) in NZD

Issuer	Aotearoa
Market price	100 % ⇌
Country	New Zealand
ISIN code	NZRTBDTLLEC7 ( in NZD )
Interest rate	0%
Maturity	15/12/2021 - Bond has expired
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Minimal amount	1 000 NZD
Total amount	400 000 000 NZD
Detailed description	New Zealand is a geographically diverse island nation in the southwestern Pacific Ocean, known for its stunning natural landscapes, including fjords, mountains, volcanoes, and glaciers, alongside a unique and rich M?ori culture. The bond, identified by ISIN code NZRTBDTLLEC7, which was issued by the Government of New Zealand, a highly-regarded sovereign entity known for its stable economic policies and robust creditworthiness in international financial markets, has successfully reached its maturity and been redeemed. This specific debt instrument, denominated in New Zealand Dollars (NZD) and part of a substantial issuance totaling NZD 400,000,000, with a minimum purchase threshold set at NZD 1,000, carried a reported interest rate of 0%. This characteristic typically signifies either a zero-coupon bond, where investor returns are derived from the discount at which it was initially issued relative to its par redemption value, or indicates that no further interest payments were due as of its final settlement. Upon its scheduled maturity date of December 15, 2021, the bond was fully redeemed to investors at 100% of its face value, confirming the timely and complete fulfillment of the issuer's financial obligations and underscoring the reliability of New Zealand's sovereign debt.