Bond China AgBank (New York Branch) 0% ( US00850UBD54 ) in USD

Issuer	China AgBank (New York Branch)
Market price	100 % ⇌
Country	China
ISIN code	US00850UBD54 ( in USD )
Interest rate	0%
Maturity	13/02/2020 - Bond has expired
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Minimal amount	1 000 USD
Total amount	/
Cusip	00850UBD5
Detailed description	Agricultural Bank of China (New York Branch) is a subsidiary of the Agricultural Bank of China, offering a range of financial services including corporate banking, trade finance, and investment banking to clients in the United States. An examination of a specific bond issuance provides insight into its structure and lifecycle. The bond, identified by ISIN US00850UBD54 and CUSIP 00850UBD5, was issued by the New York Branch of Agricultural Bank of China, a key financial institution and one of China's "Big Four" state-owned commercial banks, reflecting its significant global financial footprint. Denominated in USD, this zero-coupon bond featured a 0% interest rate, implying it was designed for investors to acquire at a discount and realize gains upon its redemption at par, with a stated minimum purchase quantity of 1,000 units. Maturing on February 13, 2020, this financial instrument has since reached its full term and was fully redeemed at 100% of its face value, concluding its market tenure.