Bond Ugandia 0% ( UG11C1806202 ) in UGX

Issuer Ugandia
Market price 100 %  ▲ 
Country  Uganda
ISIN code  UG11C1806202 ( in UGX )
Interest rate 0%
Maturity 18/06/2020 - 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.

An in-depth review of the recently matured bond issued by the Republic of Uganda, designated by the ISIN UG11C1806202, reveals key insights into sovereign debt management. This obligation was a direct issuance from the Republic of Uganda itself, underlining its sovereign nature, and was issued within its domestic market, with the country of issuance also being Uganda. The bond was denominated in the Ugandan Shilling (UGX). Notably, the bond carried a zero-percent interest rate, suggesting it was structured either as a zero-coupon instrument or had concluded its coupon payment cycle prior to its stated maturity. Its maturity date was definitively set for June 18, 2020. At the point of its final settlement, the market price stood at 100% of its face value, indicating a full principal repayment to bondholders. The payment frequency, recorded as '1', implies a single, final principal redemption payment. The issuer, the Republic of Uganda, is a landlocked country located in East Africa, known for its diverse landscapes and significant natural resources; as a sovereign entity, Uganda issues bonds to finance its public expenditure, manage national debt, and support its economic development objectives. Its economic trajectory, while subject to global and regional influences, has historically focused on agriculture, emerging oil and gas sectors, and infrastructure development. Confirming its status, this specific bond has indeed reached its maturity date and has been successfully redeemed, signifying the complete discharge of the issuer's obligation to the bondholders, which is a critical indicator of a nation's fiscal responsibility and its commitment to upholding financial obligations in the global capital markets.