Bond Ugandia 0% ( UG11C1703227 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11C1703227 ( in UGX )
Interest rate	0%
Maturity	17/03/2022 - 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 fixed-income market recently observed the successful conclusion of a specific debt obligation issued by Uganda, an East African sovereign nation actively participating in the global and domestic capital markets as a regular issuer of government securities, leveraging debt instruments to fund its national development initiatives. This particular bond, bearing the ISIN code UG11C1703227, was denominated in Ugandan Shillings (UGX), reflecting the country's local currency debt strategy and its commitment to managing its domestic financial obligations. Distinguished by a 0% interest rate, indicating it was likely a zero-coupon bond or a short-term instrument structured without periodic interest payments, this security reached its pre-defined maturity date on March 17, 2022. At the point of its final settlement, the bond was valued at 100% of its principal amount, confirming its full repayment at par. With a stated payment frequency of 1 (typically referring to annual interest payments, though irrelevant for a zero-coupon or already matured bond), the instrument has now formally matured and its principal value has been fully redeemed, underscoring Uganda's consistent record in fulfilling its financial commitments to investors as a reliable sovereign issuer.