Bond Suzhou New District Development Bonds 3.6% ( CND1000488T8 ) in CNY

Issuer	Suzhou New District Development Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND1000488T8 ( in CNY )
Interest rate	3.6% per year ( payment 1 time a year)
Maturity	23/04/2024 - Bond has expired
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Minimal amount	/
Total amount	1 000 000 000 CNY
Detailed description	Suzhou New District Economic Development Group (SND Group) bonds are debt securities issued by the SND Group, a Chinese state-owned enterprise, typically used to finance infrastructure and development projects within the Suzhou New District. The fixed-income instrument, identified by ISIN CND1000488T8, issued by the Suzhou New District Economic Development Group (SND Group) has successfully reached its maturity date of April 23, 2024, and has been fully repaid to investors. The issuer, Suzhou New District Economic Development Group, is a key state-owned enterprise (SOE) or local government financing vehicle (LGFV) based in China, playing a critical role in the planning, development, and financing of infrastructure projects and economic initiatives within the Suzhou New District. This specific bond, denominated in Chinese Yuan (CNY), was issued with a total size of CNY 1,000,000,000, carrying an annual interest rate of 3.6% and featuring an annual payment frequency. Upon its maturity, the bond was redeemed at 100% of its face value, confirming the successful conclusion of its term and the fulfillment of the issuer's obligations to bondholders.