Bond Ugandia 0% ( UG11E0201203 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E0201203 ( in UGX )
Interest rate	0%
Maturity	02/01/2020 - 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. This financial article outlines the key characteristics and final status of an obligation, or bond, identified by ISIN code UG11E0201203, which was issued by the Republic of Uganda. Denominated in Ugandan Shillings (UGX), this particular bond carried a 0% interest rate and reached its maturity on January 2, 2020, at which point its market price stood at 100% and it was fully redeemed. As a sovereign issuer, Uganda, a prominent East African nation with a developing economy, actively engages in capital markets to finance various national development initiatives and maintain fiscal stability, often issuing debt instruments both domestically and internationally. The successful repayment of this specific bond upon its maturity underscores the issuer's adherence to its financial commitments, reinforcing its reliability in meeting its obligations to investors.