Bond Shaoxing Bond Bank 0% ( CND100044RF8 ) in CNY

Issuer	Shaoxing Bond Bank
Market price	100 % ⇌
Country	China
ISIN code	CND100044RF8 ( in CNY )
Interest rate	0%
Maturity	23/08/2021 - Bond has expired
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Minimal amount	/
Total amount	100 000 000 CNY
Detailed description	Shaoxing Bank issues bonds to raise capital, typically offering various maturities and interest rates, subject to market conditions and regulatory approvals. The bond identified by ISIN CND100044RF8, issued by the Bank of Shaoxing, successfully concluded its lifecycle with full repayment upon its maturity on August 23, 2021, at its par value of 100%. The Bank of Shaoxing, a significant regional commercial bank operating out of China's Zhejiang province, serves a diverse client base within the robust Chinese financial market. This specific fixed-income instrument, a CNY-denominated bond with a total issuance size of 100,000,000 Chinese Yuan, notably carried a zero-percent (0%) interest rate, which typically indicates a discount bond structure where investors realize their return through the difference between the discounted issuance price and the par redemption price. The successful redemption of this obligation affirms the issuer's sound financial management and its commitment to honoring its debt commitments in the global fixed-income landscape.