Bond China Bank 0% ( CND100044PB1 ) in CNY

Issuer	China Bank
Market price	100 % ⇌
Country	China
ISIN code	CND100044PB1 ( in CNY )
Interest rate	0%
Maturity	20/11/2021 - Bond has expired
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Minimal amount	100 CNY
Total amount	500 000 000 CNY
Detailed description	Bank of China is a major Chinese state-owned commercial bank offering a wide range of financial services domestically and internationally. A review of the recently matured debt market highlights the conclusion of a specific bond issuance by Bank of China, ISIN CND100044PB1, an instrument that has successfully reached its maturity and been fully redeemed. Bank of China, as the issuer, is one of the People's Republic of China's leading state-owned commercial banks, distinguished by its extensive domestic and international network and its pivotal role in facilitating global trade and financial services. This particular bond, originating from China and denominated in Chinese Yuan (CNY), represented a total issuance size of CNY 500,000,000, with a minimum acquisition threshold of CNY 100 per unit. A distinctive feature of this bond was its 0% interest rate, characteristic of a zero-coupon bond, implying that it was designed to be acquired at a discount, with the principal amount being repaid at its full face value upon maturity, effectively serving as the single payment event for investors. The predetermined maturity date for this instrument was November 20, 2021, and confirmed reports indicate that this obligation has indeed matured and its principal has been successfully repaid to bondholders, signifying the successful fulfillment of the issuer's financial commitment.