Bond Ugandia 0% ( UG11B2406210 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11B2406210 ( in UGX )
Interest rate	0%
Maturity	24/06/2021 - Bond has expired
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Detailed description	Uganda is a landlocked East African country known for its diverse wildlife, including gorillas and chimpanzees, stunning landscapes like Lake Victoria and the Rwenzori Mountains, and a rich cultural heritage. The Republic of Uganda, a sovereign entity in East Africa and an active participant in the capital markets, recently concluded the full repayment of one of its domestic debt instruments, identified by the ISIN code UG11B2406210. As an issuer, Uganda leverages the financial markets to fund national development initiatives and manage its fiscal policy, with its credit standing being a critical factor for investor confidence. This particular fixed-income security, denominated in the local currency, Ugandan Shillings (UGX), was recorded with a stated interest rate of 0%, suggesting it was structured as a zero-coupon bond, where the yield is generated from the discount at which it was initially issued rather than periodic interest payments. The bond was observed at a market price of 100%, indicating it was redeemed at its par value upon maturity. This obligation successfully reached its scheduled maturity date on June 24, 2021. With a payment frequency listed as '1', typically indicating either a single principal repayment at maturity or an annual schedule, the bond has been comprehensively repaid to its holders, thereby affirming the issuer's commitment to its financial obligations and orderly debt management.