Bond Zambie 0% ( ZM3000006418 ) in ZMW

Issuer	Zambie
Market price	100 % ⇌
Country	Zambia
ISIN code	ZM3000006418 ( in ZMW )
Interest rate	0%
Maturity	30/12/2019 - Bond has expired
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Minimal amount	5 000 ZMW
Total amount	222 740 000 ZMW
Detailed description	Zambia is a landlocked Southern African country known for its abundant wildlife, Victoria Falls, and copper mining industry. A detailed financial overview of the now-matured sovereign bond, identified by ISIN ZM3000006418, issued by the Republic of Zambia, provides a clear example of a specific debt instrument's lifecycle and resolution. This obligation, originating from Zambia, a landlocked Southern African nation known for its significant copper mining industry and diverse agricultural sector, serving as a sovereign issuer in the global financial markets, was denominated in its national currency, the Zambian Kwacha (ZMW). Distinctively structured as a zero-coupon bond, it featured a 0% interest rate, implying that it was designed for investors to gain returns through a discount purchase and par repayment, rather than through periodic interest payments, with its payment frequency being a single event at maturity. The total issuance size for this particular bond stood at ZMW 222,740,000, with a minimum investment threshold set at ZMW 5,000, allowing for accessibility to a range of investors. Having reached its maturity date on December 30, 2019, the bond was reported at a market price of 100% at its conclusion, confirming that this financial instrument has indeed fully matured and its principal value has been duly repaid to bondholders, thereby fulfilling the issuer's commitments.