Bond Suzhou New District Development Bonds 2.64% ( CND10007FF57 ) in CNY

Issuer	Suzhou New District Development Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10007FF57 ( in CNY )
Interest rate	2.64% per year ( payment 1 time a year)
Maturity	18/04/2024 - Bond has expired
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Minimal amount	/
Total amount	200 000 000 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. A recently matured financial instrument, the CND10007FF57 bond, provides an instructive case study from the Chinese debt market. This specific debt offering was issued by the Suzhou New District Economic Development Group (SND Group), a prominent entity in China's robust local government financing vehicle (LGFV) landscape, primarily responsible for spearheading and managing infrastructure projects, industrial park development, and public service initiatives within the Suzhou New District. The SND Group plays a vital role in supporting regional economic growth and urban modernization through such financing mechanisms. Denominated in Chinese Yuan (CNY), the bond carried an annual interest rate of 2.64% and represented a total issuance size of CNY 200,000,000. Structured with an annual payment frequency, its set maturity date was April 18, 2024. Upon reaching this date, the bond fully matured and, notably, was repaid at 100% of its principal value, confirming the fulfillment of the issuer's financial obligations and providing a conclusive outcome for its investors.