Bond Ugandia 0% ( UG11E1603233 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E1603233 ( in UGX )
Interest rate	0%
Maturity	16/03/2023 - 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. A recently matured sovereign bond, identified by the ISIN code UG11E1603233, was issued by the Republic of Uganda, an East African nation actively engaged in the international debt markets to support its economic development and infrastructure projects. As the issuer, Uganda, a country with a diverse economy encompassing agriculture, emerging oil production, and a growing services sector, consistently accesses capital for its financial obligations. This particular debt instrument, denominated in Ugandan Shillings (UGX), matured on March 16, 2023. A notable characteristic of this bond was its stated interest rate of 0%, which typically signifies a zero-coupon bond structure where the return for investors is realized through the difference between the purchase price and the full face value repaid at maturity, rather than through periodic interest payments. With a payment frequency indicated as '1', this further reinforced the nature of a single, final payment at maturity. Upon reaching its maturity date, the bond's market price was recorded at 100% of its principal value, confirming its full and successful redemption by the issuer.