Bond Southern Africa 0% ( ZAM000417039 ) in ZAR

Issuer Southern Africa
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAM000417039 ( in ZAR )
Interest rate 0%
Maturity 10/07/2019 - Bond has expired



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Minimal amount 10 000 ZAR
Total amount 11 108 000 000 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 focuses on the ZAM000417039 bond, a fixed-income instrument issued by the Republic of South Africa, highlighting its key characteristics and lifecycle culmination. As a significant player in emerging market finance, the Republic of South Africa acts as a sovereign issuer, regularly tapping global and domestic capital markets to finance its developmental goals and budgetary requirements; its economy, rich in natural resources and featuring well-developed financial and industrial sectors, contributes substantially to regional growth, though it navigates complex socio-economic challenges, making its fiscal discipline and debt management practices crucial for investor confidence. The specific bond under review, identified by its International Securities Identification Number (ISIN) ZAM000417039, was denominated in South African Rand (ZAR), reflecting its linkage to the domestic currency market. The total issuance size amounted to ZAR 11,108,000,000, representing a substantial capital raise for the South African treasury, with a minimum purchase size for this bond set at ZAR 10,000, facilitating participation from a range of investors, from institutional funds to qualified private individuals. A notable feature of this instrument was its stated interest rate of 0% (zero), which, for bonds, commonly indicates a zero-coupon structure where the bond is issued at a discount to its face value and redeemed at par, or that at the point of maturity, only the principal repayment was outstanding, with any previous interest obligations already fulfilled; its market price was recorded at 100% prior to its maturity, confirming its redemption at par. The payment frequency was designated as '1', which, particularly in the context of a zero-coupon bond, refers to the singular repayment event at maturity. This bond reached its maturity date on July 10, 2019, and on this date, the bond was fully redeemed, meaning the Republic of South Africa successfully fulfilled its obligation by repaying the entire principal amount to bondholders, thereby underscoring the issuer's commitment to honoring its debt obligations, a critical factor for maintaining its standing in international financial markets.