Bond China Bank 0% ( CND10003YRV3 ) in CNY

Issuer	China Bank
Market price	100 % ⇌
Country	China
ISIN code	CND10003YRV3 ( in CNY )
Interest rate	0%
Maturity	23/06/2021 - Bond has expired
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Minimal amount	100 CNY
Total amount	11 200 000 000 CNY
Detailed description	Bank of China is a major Chinese state-owned commercial bank offering a wide range of financial services domestically and internationally. The CND10003YRV3 bond, a debt instrument issued by Bank of China, one of the People's Republic of China's largest state-owned commercial banks and a globally significant financial institution, has recently completed its lifecycle, having matured and been fully redeemed. Originating from China and denominated in Chinese Yuan (CNY), this particular bond represented a substantial total issuance size of CNY 11,200,000,000, available for a minimum purchase of CNY 100. A key characteristic of this security was its zero-percent interest rate and a single payment frequency, signifying it as a zero-coupon bond where investor returns are realized from the discount at issuance relative to its par value at maturity. Upon reaching its maturity date on June 23, 2021, the bond's market price stood at 100%, confirming its redemption at par and the full repayment of principal to its bondholders.