Bond China AgBank 0% ( CND1000441H2 ) in CNY

Issuer	China AgBank
Market price	100 % ⇌
Country	China
ISIN code	CND1000441H2 ( in CNY )
Interest rate	0%
Maturity	25/01/2022 - Bond has expired
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Minimal amount	100 CNY
Total amount	8 000 000 000 CNY
Detailed description	The Agricultural Bank of China is one of the largest commercial banks in the world, specializing in agricultural and rural finance, but also offering a wide range of services to corporate and individual customers. A recently matured financial instrument, the bond identified by ISIN CND1000441H2, issued by the Agricultural Bank of China, reached its full lifecycle and was successfully redeemed. The issuer, Agricultural Bank of China (ABC), stands as one of China's "Big Four" state-owned commercial banks, headquartered in Beijing and established in 1951. It plays a pivotal role in the Chinese financial landscape, offering a comprehensive array of banking and financial services to corporate and retail customers, particularly in the agricultural sector, and boasts a significant domestic and international presence. This specific bond, issued from China, was denominated in Chinese Yuan (CNY) and represented a total issuance size of CNY 8,000,000,000. Structured as a zero-coupon bond, it carried a 0% interest rate and a single payment at maturity, implying that investors would receive the principal amount at the bond's expiry rather than periodic interest payments. The minimum purchase size for this instrument was CNY 100. The bond reached its maturity on January 25, 2022, and was consequently redeemed at its current market price of 100% of the principal, confirming the complete fulfillment of its obligations to bondholders.