Bond Ugandia 0% ( UG11E2305192 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E2305192 ( in UGX )
Interest rate	0%
Maturity	23/05/2019 - Bond has expired
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Minimal amount	/
Total amount	165 000 000 000 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. This financial article provides a comprehensive overview of a specific sovereign bond issued by Uganda, an East African nation with a developing economy primarily based on agriculture, natural resources, and a growing services sector, which actively participates in domestic capital markets to manage its public finances and fund national development initiatives. The bond, identified by the International Securities Identification Number (ISIN) UG11E2305192, was denominated in Ugandan Shillings (UGX) and represented a substantial issuance with a total aggregate principal amount of UGX 165,000,000,000. A distinctive feature of this particular debt instrument was its reported zero percent interest rate and single payment frequency, suggesting it was structured as a zero-coupon bond or a short-term treasury bill, where investor returns are derived solely from the discount at which it was initially purchased and its eventual repayment at par. The bond reached its scheduled maturity date on May 23, 2019, and in line with its terms, it was successfully repaid at 100% of its principal value, signifying the timely and complete fulfillment of the issuer's financial commitment to bondholders.