Bond Filipinas 0% ( PIBL1220L499 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PIBL1220L499 ( in PHP )
Interest rate	0%
Maturity	07/12/2021 - Bond has expired
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Minimal amount	10 000 PHP
Total amount	10 000 000 000 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. In a recent financial development, a sovereign bond issued by the Republic of the Philippines, bearing the ISIN code PIBL1220L499, has successfully concluded its lifecycle. The Philippines, an emerging market economy in Southeast Asia known for its consistent engagement in global and domestic capital markets to fund national infrastructure and social programs, served as the issuer and country of issuance for this particular debt instrument. Denominated in Philippine Pesos (PHP), the bond carried a total issuance volume of PHP 10,000,000,000, with a minimum investment threshold set at PHP 10,000. Notably structured as a zero-coupon bond, it featured a 0% interest rate, implying that investor returns were realized through capital appreciation from a discounted initial purchase price to its par value at redemption, rather than periodic interest payments. With a maturity date of December 7, 2021, the instrument reached its full term, and the principal amount was repaid at 100% of its face value, signaling the complete and timely fulfillment of the issuer's financial commitment to its bondholders.