Bond Ugandia 0% ( UG11B2612197 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11B2612197 ( in UGX )
Interest rate	0%
Maturity	26/12/2019 - 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 bond identified by ISIN UG11B2612197, a sovereign debt instrument issued by the Republic of Uganda, has successfully reached its maturity date of December 26, 2019, and has been fully repaid. Uganda, an East African nation with a developing economy, actively participates in both domestic and international capital markets as an issuer of public debt, seeking to finance its developmental initiatives and fiscal needs. This particular bond, denominated in Ugandan Shillings (UGX), featured a stated interest rate of 0%, which typically signifies a zero-coupon bond structure where investors acquire the security at a discount to its face value, realizing their return upon receiving the full principal amount at maturity. The indicated payment frequency of '1' further supports this interpretation, implying a single principal redemption payment. The bond's market price at maturity, reported at 100% of its par value, confirms the complete and timely repayment of the principal amount to bondholders. This successful redemption reinforces Uganda's track record and commitment to meeting its financial obligations in the fixed-income market.