Bond China AgBank 2.35% ( US00851BDH50 ) in USD

Issuer	China AgBank
Market price	100 % ⇌
Country	China
ISIN code	US00851BDH50 ( in USD )
Interest rate	2.35% per year ( payment 2 times a year)
Maturity	20/12/2019 - Bond has expired
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Minimal amount	1 000 USD
Total amount	/
Cusip	00851BDH5
Detailed description	The Agricultural Bank of China is one of the largest commercial banks in the world, specializing in agricultural and rural finance, but also offering a wide range of services to corporate and individual customers. This financial analysis details a recently matured fixed-income instrument, specifically a bond identified by ISIN US00851BDH50 and CUSIP 00851BDH5, issued by Agricultural Bank of China, one of the People's Republic of China's 'Big Four' state-owned commercial banks. Established in 1951, Agricultural Bank of China plays a crucial role in the national economy, primarily supporting China's vast agricultural sector and rural development, while also maintaining significant urban and international operations through its extensive network and comprehensive financial services covering corporate, personal, and treasury banking. As a systemically important financial institution listed on both the Shanghai and Hong Kong Stock Exchanges, its offerings are foundational to the Chinese financial landscape. The particular bond under review was a U.S. dollar-denominated security issued from China, featuring an annual interest rate of 2.35% with interest payments disbursed semi-annually. This instrument had a minimum purchase size of 1,000 units and reached its full term on its stipulated maturity date of December 20, 2019, at which point it was fully repaid at 100% of its par value, confirming its successful redemption to investors.