Bond Suzhou New District Development Bonds 2.75% ( CND10002RPG4 ) in CNY

Issuer	Suzhou New District Development Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10002RPG4 ( in CNY )
Interest rate	2.75% per year ( payment 1 time a year)
Maturity	21/04/2020 - Bond has expired
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Minimal amount	/
Total amount	200 000 000 CNY
Detailed description	Suzhou New District Economic Development Group (SND Group) bonds are debt securities issued by the SND Group, a Chinese state-owned enterprise, typically used to finance infrastructure and development projects within the Suzhou New District. This financial article examines a specific bond issued by the Suzhou New District Economic Development Group (SND Group), a prominent entity integral to the regional development strategy within the Suzhou New District, located in Jiangsu Province, China. The SND Group, often recognized as a key state-backed enterprise or local government financing vehicle, plays a crucial role in driving urban development, infrastructure projects, and industrial park initiatives within its jurisdiction. Identified by the ISIN CND10002RPG4, this bond was denominated in Chinese Yuan (CNY) and offered an annual interest rate of 2.75%. The total issuance size of this fixed-income instrument amounted to 200,000,000 CNY, reflecting a significant capital mobilization for the Group's operations. With a maturity date of April 21, 2020, and an annual payment frequency, the bond's lifecycle culminated successfully; its market price stood at 100% as it approached maturity, and it was subsequently fully redeemed and repaid to investors, underscoring the issuer's robust financial management and commitment to fulfilling its obligations.