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ItalianoBond Southern Africa 0% ( ZAM000409259 ) in ZAR
| Issuer | Southern Africa |
| Market price | 100 % ⇌ |
| Country |  South Africa
|
| ISIN code |
 ZAM000409259 ( in ZAR )
|
| Interest rate | 0% |
| Maturity | 15/05/2019 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 10 000 ZAR |
| Total amount | 9 205 000 000 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. The Republic of South Africa, a sovereign entity representing one of Africa's largest and most dynamic emerging economies, successfully concluded its obligations regarding the ZAR-denominated bond identified by ISIN ZAM000409259; this instrument, part of a substantial ZAR 9.205 billion issuance with a minimum acquisition size of ZAR 10,000, reached its maturity on May 15, 2019, and despite featuring a 0% interest rate (a characteristic often associated with zero-coupon instruments where investor return is derived from a discount to par) and a payment frequency indicated as '1' (likely referring to the singular principal repayment), the bond was fully redeemed, reflecting its 100% market price at maturity and affirming the issuer's commitment to its debt obligations. |