Bond Ugandia 0% ( UG11E1010199 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E1010199 ( in UGX )
Interest rate	0%
Maturity	10/10/2019 - 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. This report details the characteristics of a specific sovereign bond, ISIN UG11E1010199, issued by the Republic of Uganda. Uganda, an East African nation, represents a developing economy that regularly accesses international and domestic capital markets to finance its public expenditure and development initiatives, serving as the country of issuance for this particular instrument. This bond was denominated in Ugandan Shillings (UGX) and notably featured a 0% interest rate, a characteristic often associated with zero-coupon instruments where the return for the investor is realized through the discount at which the bond is purchased relative to its par value at maturity. With a maturity date set for October 10, 2019, and a payment frequency of 1, the bond's principal was scheduled for a single redemption at its full face value. As of its maturity date, this obligation was trading at 100% of its market price, affirming its par value. The bond has since reached its full maturity and has been duly repaid to its bondholders, confirming the issuer's timely fulfillment of its financial commitments.