Bond Pakistania 0% ( PK03T2907218 ) in PKR

Issuer Pakistania
Market price 100 %  ⇌ 
Country  Pakistan
ISIN code  PK03T2907218 ( in PKR )
Interest rate 0%
Maturity 29/07/2021 - Bond has expired



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Minimal amount 5 000 PKR
Total amount 257 325 944 000 PKR
Detailed description Pakistan is a South Asian country bordering Afghanistan, Iran, India, and China, known for its diverse geography, rich history, and significant cultural influences from various empires and civilizations.

An in-depth analysis of a specific sovereign debt instrument sheds light on the financing activities of the Islamic Republic of Pakistan. Identified by the ISIN Code PK03T2907218, this particular bond was issued by Pakistan, underscoring its role as a sovereign borrower in global and domestic capital markets. As an emerging economy located in South Asia, Pakistan regularly utilizes debt issuance as a mechanism to manage its fiscal requirements, fund various infrastructure and development projects, and refinance its outstanding liabilities. The bond, denominated in the local currency, Pakistani Rupees (PKR), represented a substantial funding initiative, with a total issuance size of PKR 257,325,944,000. This significant volume highlights the scale of financial operations undertaken by the sovereign. Designed for broad market access, the instrument featured a minimum purchase size of PKR 5,000, allowing participation from various investor segments. A notable characteristic of this debt security was its stated interest rate of 0%. This strongly indicates that the instrument was structured as a zero-coupon bond. In such an arrangement, investors typically acquire the bond at a discount to its face value, and their return is realized upon maturity, when they receive the full principal amount. This financial mechanism allows issuers to raise capital without making periodic interest payments, and it provides investors with a known, pre-determined return at redemption. With a maturity date set for July 29, 2021, and a specified payment frequency of 1, this structure confirms a single principal repayment event at the end of the bond's term, consistent with zero-coupon instruments. As of the current reporting, this bond has successfully reached its maturity. It has been fully redeemed by the issuer, with its final market valuation reported at 100%, indicating that the principal amount was repaid at par. This successful and timely repayment demonstrates Pakistan's adherence to its financial commitments for this specific debt obligation, providing a definitive resolution for the bondholders involved in this particular issuance.