Bond Pakistania 0% ( PK12T2403235 ) in PKR

Issuer	Pakistania
Market price	100 % ⇌
Country	Pakistan
ISIN code	PK12T2403235 ( in PKR )
Interest rate	0%
Maturity	24/03/2023 - Bond has expired
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Minimal amount	5 000 PKR
Total amount	174 807 325 000 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 analysis of the bond market reveals insights into the sovereign debt instrument identified by ISIN PK12T2403235, which was issued by the Islamic Republic of Pakistan, a significant emerging market sovereign regularly engaging in domestic and international capital markets to finance its fiscal needs and developmental projects. This particular bond, denominated in Pakistani Rupees (PKR) and issued from within Pakistan, represented a total offering size of PKR 174,807,325,000, structured with a minimum subscription amount of PKR 5,000 per unit to allow for broad investor participation. Notably, this instrument featured a 0% interest rate, indicating it was likely structured as a zero-coupon bond or that its interest accrual ceased upon its maturity date of March 24, 2023, at which point its market price stood at 100% of its face value; with a stated payment frequency of 1, this bond has successfully reached its full maturity and has been duly redeemed, thereby concluding its lifecycle within Pakistan's domestic debt market.