Bond Filipinas 0% ( PIBL1220K463 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PIBL1220K463 ( in PHP )
Interest rate	0%
Maturity	17/11/2021 - Bond has expired
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Minimal amount	10 000 PHP
Total amount	23 000 000 000 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. The Republic of the Philippines, a prominent sovereign issuer in Southeast Asia's dynamic emerging markets, successfully saw the maturity and redemption of one of its domestic debt instruments, identified by the ISIN code PIBL1220K463. This particular obligation, denominated in Philippine Pesos (PHP), was a zero-coupon bond, meaning it carried a 0% interest rate and did not provide periodic interest payments to investors, instead being issued at a discount and designed to pay its full principal amount at maturity. The total issuance size for this bond was PHP 23,000,000,000, with a minimum purchase size set at PHP 10,000, making it accessible to a range of investors within the domestic market. With a specified maturity date of November 17, 2021, this bond has now fully matured and, as confirmed, was redeemed at 100% of its market value, reflecting the Philippines' consistent management of its financial obligations and its commitment to meeting repayment schedules for its debt instruments.