Bond Southern Africa 7.75% ( ZAG000096165 ) in ZAR

Issuer	Southern Africa
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000096165 ( in ZAR )
Interest rate	7.75% per year ( payment 2 times a year)
Maturity	27/02/2023 - Bond has expired
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Detailed description	South Africa is a diverse country located at the southern tip of Africa, renowned for its stunning landscapes, rich biodiversity, vibrant culture, and complex history encompassing colonialism, apartheid, and a subsequent transition to democracy. The Republic of South Africa, a prominent emerging market economy in Southern Africa and a key participant in international capital markets, has successfully fulfilled its financial obligation regarding the sovereign bond identified by ISIN ZAG000096165. This specific debt instrument, issued by the South African government to finance its public expenditure programs and infrastructure development, featured a fixed annual interest rate of 7.75%, with coupon payments disbursed semi-annually, a common practice for sovereign debt. Denominated in South African Rand (ZAR), the bond reached its stipulated maturity date on February 27, 2023. At this point, it was redeemed at its full face value, consistent with a 100% market price at maturity, confirming its full repayment. The successful settlement of this obligation underscores the government of South Africa's commitment to its debt servicing responsibilities and its capacity to manage its fiscal affairs, providing a clear affirmation of the nation's creditworthiness to global investors who had held this security.