Bond Southern Africa 0% ( ZAM000508605 ) in ZAR

Issuer	Southern Africa
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAM000508605 ( in ZAR )
Interest rate	0%
Maturity	12/05/2021 - Bond has expired
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Minimal amount	10 000 ZAR
Total amount	11 150 000 000 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. An update concerning the bond identified by ISIN ZAM000508605, issued by the sovereign entity South Africa, confirms its successful maturity and full repayment. As an issuer, South Africa represents a significant emerging market economy located at the southern tip of the African continent, actively participating in global financial markets to secure funding for its national budget, infrastructure development, and various public expenditures through the issuance of sovereign debt. This specific obligation, issued within South Africa itself and denominated in South African Rand (ZAR), was a zero-coupon instrument, consequently bearing a 0% interest rate throughout its tenor, with investor returns stemming from its discounted initial purchase price and full principal repayment at maturity. The bond had a substantial total issue size of ZAR 11,150,000,000, catering to a broad investor base with a minimum purchase size set at ZAR 10,000. It reached its scheduled maturity date on May 12, 2021, at which point its market value stood at its par value of 100%, reflecting its imminent redemption. The principal amount was disbursed in a single payment upon maturity, signifying that the obligation has been fully settled and is no longer outstanding.