Bond Huai'an Development Holdings Securities 5.8% ( CND10003NTG3 ) in CNY

Issuer	Huai'an Development Holdings Securities
Market price	100 % ▲
Country	China
ISIN code	CND10003NTG3 ( in CNY )
Interest rate	5.8% per year ( payment 1 time a year)
Maturity	14/09/2023 - Bond has expired
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Minimal amount	/
Total amount	300 000 000 CNY
Detailed description	Huai'an Development Holdings Bonds are debt securities issued by Huai'an Development Holdings Group, a Chinese state-owned enterprise, to raise capital for infrastructure projects and other investments within Huai'an city and surrounding areas. An analysis of the CND10003NTG3 bond confirms its full redemption as of its September 14, 2023, maturity date, with the issuer, Huai'an Development Holdings Bonds, identified as a key financial entity within China, highly likely functioning as a Local Government Financing Vehicle (LGFV) or a state-owned enterprise (SOE) primarily focused on infrastructure and urban development within the Huai'an region of Jiangsu province, thereby playing a pivotal role in China's economic framework by financing public works and driving local growth; this specific fixed-income instrument, denominated in Chinese Yuan (CNY) and issued from China, represented a total original issue size of 300,000,000 CNY, offered an annual interest rate of 5.8% with a payment frequency of one, and was successfully repaid at 100% of its principal value, confirming its complete settlement to investors.