Bond Southern Africa 0% ( ZAM000520485 ) in ZAR

Issuer	Southern Africa
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAM000520485 ( in ZAR )
Interest rate	0%
Maturity	11/08/2021 - Bond has expired
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Minimal amount	10 000 ZAR
Total amount	9 428 000 000 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 sovereign bond, identified by ISIN code ZAM000520485, issued by the Republic of South Africa, a prominent emerging market economy and the sovereign entity serving as both the issuer and country of issuance, has successfully reached its maturity and been fully redeemed. This particular debt instrument, denominated in South African Rand (ZAR), was notably structured as a zero-coupon bond, reflecting its 0% interest rate and indicating that investors received their full principal repayment at the single payment event at maturity rather than periodic interest distributions. With a substantial total issue size of ZAR 9,428,000,000, and a minimum purchase threshold set at ZAR 10,000, this bond represented a significant component of the South African government's debt management and financing strategy. As of its maturity date on August 11, 2021, the bond's market price stood at 100% of its face value, confirming its repayment at par.