Bond Taizhou Xinbinjiang Development Bonds 2.8% ( CND10007WN64 ) in CNY

Issuer	Taizhou Xinbinjiang Development Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10007WN64 ( in CNY )
Interest rate	2.8% per year ( payment 1 time a year)
Maturity	22/11/2024 - Bond has expired
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Minimal amount	/
Total amount	268 000 000 CNY
Detailed description	Taizhou City Xin Bin Jiang Development Bonds are municipal bonds issued to finance infrastructure and development projects within the Xin Bin Jiang area of Taizhou City, China. The fixed-income market recently observed the successful maturity and redemption of the bond identified by ISIN CND10007WN64, issued by Taizhou City Xin Bin Jiang Development Bonds. This debt instrument, originated from China, reached its scheduled maturity date on November 22, 2024, and was subsequently repaid at 100% of its par value. The issuer, Taizhou City Xin Bin Jiang Development Bonds, functions as a local government financing vehicle (LGFV) or similar municipal-backed entity, playing a crucial role in funding public infrastructure and development projects within Taizhou City. With a total issuance size of CNY 268,000,000, this bond was denominated in Chinese Yuan (CNY), carried an annual interest rate of 2.8%, and featured interest payments made on an annual frequency. The successful and timely repayment of this obligation underscores the issuer's adherence to its financial commitments.