Bond Tianjin Obligations 2.96% ( CND10004SW47 ) in CNY

Issuer	Tianjin Obligations
Market price	100 % ⇌
Country	China
ISIN code	CND10004SW47 ( in CNY )
Interest rate	2.96% per year ( payment 1 time a year)
Maturity	09/03/2029
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Minimal amount	/
Total amount	1 395 000 000 CNY
Next Coupon	09/03/2026 ( In 173 days )
Detailed description	Tianjin Bonds are a type of municipal bond issued by the Tianjin government in China, typically denominated in Renminbi (RMB), and used to finance infrastructure and other municipal projects. An examination of the fixed-income market reveals a notable offering: the bond identified by ISIN CND10004SW47. This specific debt instrument is issued by Tianjin Bonds, referring to obligations originating from the municipality of Tianjin, a prominent economic powerhouse and one of China's four direct-controlled municipalities. Strategically located in Northern China, Tianjin serves as a crucial port city and industrial hub, boasting a diversified economy encompassing advanced manufacturing, logistics, and technology sectors. The issuance of bonds by such a significant governmental entity underscores its robust financial standing and commitment to infrastructural development and economic stability, thereby offering investors exposure to the underlying fiscal health and growth trajectory of this vital Chinese region. This Chinese Yuan (CNY) denominated bond carries a fixed interest rate of 2.96%, providing investors with a predictable annual coupon payment, as indicated by its payment frequency of one. The current market price for this security stands at 100% of its face value, reflecting its trading at par. The total issuance size for this particular series is CNY 1,395,000,000, representing a substantial capital raise. Investors holding this bond can expect the principal repayment on its maturity date, set for March 9, 2029.