Bond Ugandia 0% ( UG11E2907211 ) in UGX

Issuer	Ugandia
Market price	100 % ▲
Country	Uganda
ISIN code	UG11E2907211 ( in UGX )
Interest rate	0%
Maturity	29/07/2021 - 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 debt instrument identified by ISIN UG11E2907211, issued by the Republic of Uganda, recently reached its maturity, marking a successful redemption for the sovereign entity. Uganda, an East African nation, actively participates in global financial markets, regularly issuing sovereign debt to fund national development initiatives, manage fiscal requirements, and foster economic growth. As a sovereign issuer, Uganda's financial stability and creditworthiness are consistently monitored by investors seeking opportunities in emerging economies. This particular bond, denominated in the local currency, the Ugandan Shilling (UGX), featured a stated interest rate of 0% and a payment frequency of 1, indicating a structure where the principal was likely repaid as a single sum at maturity rather than through recurring interest disbursements. The instrument successfully matured on July 29, 2021, and was subsequently redeemed at 100% of its face value, confirming the fulfillment of all principal obligations to bondholders. This timely redemption reflects Uganda's adherence to its financial commitments as a sovereign issuer in the capital markets, reinforcing confidence in its debt management practices.