Bond Ugandia 0% ( UG11E1403196 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E1403196 ( in UGX )
Interest rate	0%
Maturity	14/03/2019 - Bond has expired
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Minimal amount	/
Total amount	125 000 000 000 UGX
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 examination of the UG11E1403196 bond, issued by the Republic of Uganda, an East African sovereign nation, outlines its specific financial details. This obligation, denominated in Ugandan Shillings (UGX) and issued within Uganda, had a total issuance size of UGX 125,000,000,000. Noteworthy for its 0% stated interest rate and a payment frequency of 1, this security likely functioned as a zero-coupon bond, where the investor's return was derived from the difference between its purchase price and its par value redemption. The bond matured on March 14, 2019, at which point its market price was recorded at 100%, indicating that the principal amount was fully repaid by the issuer, completing its obligation.