Bond Filipinas 0% ( PIBL1218L439 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PIBL1218L439 ( in PHP )
Interest rate	0%
Maturity	11/12/2019 - Bond has expired
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Minimal amount	10 000 PHP
Total amount	11 000 000 000 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 notable example from the sovereign debt market, the bond identified by ISIN PIBL1218L439, was issued by the Republic of the Philippines, a significant emerging economy in Southeast Asia that regularly accesses both domestic and international capital markets to fund its national development agenda and budgetary requirements; this specific obligation, denominated in Philippine Pesos (PHP), represented a total issuance size of PHP 11,000,000,000, with investors able to purchase a minimum of PHP 10,000 per lot, and was characterized by a 0% interest rate, a feature often seen in zero-coupon bonds or specific short-term instruments where the return is embedded in the discount at issuance rather than periodic coupon payments; originally set to mature on December 11, 2019, when it was trading at 100% of its par value, this bond has since successfully reached its maturity and has been fully redeemed, underscoring the sovereign issuer's timely fulfillment of its financial commitments.