Bond Southern Africa 0% ( ZAM000511682 ) in ZAR

Issuer	Southern Africa
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAM000511682 ( in ZAR )
Interest rate	0%
Maturity	26/05/2021 - Bond has expired
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Minimal amount	10 000 ZAR
Total amount	8 781 000 000 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 ZAM000511682 bond, a debt instrument issued by the Republic of South Africa, has successfully completed its lifecycle, reaching maturity and undergoing full redemption. As a prominent sovereign issuer on the global financial markets, South Africa utilizes such fixed-income securities to finance its public expenditures and manage national debt, reflecting its fiscal position and economic stability within the African continent. This specific bond, denominated in South African Rand (ZAR), represented a substantial total issue size of ZAR 8,781,000,000, with an accessible minimum investment threshold set at ZAR 10,000 for market participants. A key characteristic of this instrument was its 0% stated interest rate, indicating it was structured as a zero-coupon bond or a similar discounted security, where investor returns are realized through the difference between the initial discounted purchase price and the par value received at maturity. With a final maturity date of May 26, 2021, and a singular payment event comprising the principal repayment, the bond reached its scheduled term and was redeemed at 100% of its face value, signifying a complete and orderly repayment to its holders.