Bond China Bank 0% ( CND100038HX4 ) in CNY

Issuer	China Bank
Market price	100 % ⇌
Country	China
ISIN code	CND100038HX4 ( in CNY )
Interest rate	0%
Maturity	26/05/2021 - Bond has expired
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Minimal amount	100 CNY
Total amount	10 000 000 000 CNY
Detailed description	Bank of China is a major Chinese state-owned commercial bank offering a wide range of financial services domestically and internationally. An analysis of the debt instrument identified by ISIN CND100038HX4 provides detailed insights into a bond issuance originating from China, with Bank of China serving as the issuer. Bank of China, established in 1912, is one of the 'Big Four' state-owned commercial banks in China and a leading global financial institution, renowned for its extensive domestic and international network and its comprehensive array of financial services including corporate banking, personal banking, and treasury operations, playing a pivotal role in China's economic development and its engagement in international trade. This specific bond, denominated in Chinese Yuan (CNY), represented a substantial total issue size of CNY 10,000,000,000, structured with a minimum purchase size of CNY 100. It notably featured a stated interest rate of 0 and was quoted at 100% of its par value at the point of its final status observation, indicating a structure where principal repayment at maturity constituted the primary return, or that all interest obligations had been fulfilled prior to or at its final redemption. The bond reached its maturity on May 26, 2021, and with a payment frequency of one, it has since been fully repaid, confirming the complete fulfillment of all outstanding obligations to its bondholders.