Bond Southern Africa 0% ( ZAM000397512 ) in ZAR

Issuer	Southern Africa
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAM000397512 ( in ZAR )
Interest rate	0%
Maturity	27/02/2019 - Bond has expired
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Minimal amount	10 000 ZAR
Total amount	9 570 000 000 ZAR
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. This financial analysis details a specific sovereign debt instrument, a bond identified by its ISIN code ZAM000397512, issued by the Republic of South Africa, which, as the country of emission, regularly leverages international and domestic capital markets to manage its fiscal requirements; denominated in South African Rand (ZAR), this particular issuance had an initial total size of ZAR 9,570,000,000, reflecting a substantial fundraising endeavor by the South African government, with a minimum purchase increment set at ZAR 10,000; notably, this was a zero-coupon bond, carrying an interest rate of 0%, where investor returns were derived from the discount at which it was initially sold relative to its par value, and despite its unique interest structure, it followed a standard maturity schedule; consequently, upon reaching its maturity date of February 27, 2019, the bond, which had a payment frequency effectively at maturity, was successfully redeemed at 100% of its principal value, thus confirming its full repayment and the fulfillment of this financial obligation by the South African treasury.