Bond Filipinas 0% ( PIBL0618E046 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PIBL0618E046 ( in PHP )
Interest rate	0%
Maturity	07/11/2018 - Bond has expired
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Minimal amount	10 000 PHP
Total amount	8 000 000 000 PHP
Detailed description	The Philippines is a Southeast Asian archipelago comprising over 7,000 islands, known for its diverse culture, vibrant history, stunning beaches, and rich biodiversity. A noteworthy financial instrument, identified by its ISIN PIBL0618E046, was a sovereign bond issued by the Republic of the Philippines, an emerging market economy in Southeast Asia actively engaged in global debt markets to finance its development initiatives. This PHP-denominated obligation, issued by the Philippine government, represented a substantial total issuance size of 8,000,000,000 Philippine Pesos, with individual participation requiring a minimum purchase amount of 10,000 PHP. Characterized by a 0% interest rate, suggesting its structure as a zero-coupon or discount bond whose value appreciated to par at maturity, this instrument reached its scheduled maturity on November 7, 2018, at which point it was fully repaid to its bondholders, marking the conclusion of its financial lifecycle.