Bond Filipinas 0% ( PIBL1221B078 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PIBL1221B078 ( in PHP )
Interest rate	0%
Maturity	16/02/2022 - Bond has expired
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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 sovereign entity recognized for its commitment to fiscal stability and a growing emerging market economy in Southeast Asia, has successfully completed the redemption of one of its domestic debt instruments. This specific financial instrument, identified by the ISIN code PIBL1221B078, was a bond issued by the Philippines within its own borders, denominated in Philippine Pesos (PHP). Notably, this was a zero-coupon bond, meaning it carried a stated interest rate of 0% and did not provide periodic interest payments to bondholders; instead, its return was realized through the difference between its purchase price (typically at a discount) and its par value at maturity. The bond reached its scheduled maturity date on February 16, 2022, and was subsequently repaid, with its market value at redemption reflecting 100% of its principal, confirming a full and timely settlement. The reported payment frequency of '1' further underscores the singular principal repayment event at the conclusion of the bond's term, reinforcing the issuer's consistent track record in managing its debt obligations.