Bond China AgBank 2.125% ( XS1308276168 ) in USD

Issuer	China AgBank
Market price	100 % ⇌
Country	China
ISIN code	XS1308276168 ( in USD )
Interest rate	2.125% per year ( payment 2 times a year)
Maturity	20/10/2018 - Bond has expired
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Minimal amount	200 000 USD
Total amount	400 000 000 USD
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. The fixed-income market recently saw the full repayment of a specific bond, identified by ISIN XS1308276168, issued by the Agricultural Bank of China. The Agricultural Bank of China, a cornerstone of China's financial landscape and one of the country's "Big Four" state-owned commercial banks, boasts a vast network and a significant global footprint, playing a crucial role in both agricultural and urban economic development through its extensive lending and financial services operations. This particular USD-denominated bond, issued from China, carried an annual interest rate of 2.125% with coupon payments distributed semi-annually. The total issuance size amounted to USD 400,000,000, with a minimum investment lot set at USD 200,000. Having reached its maturity date on October 20, 2018, and noted to have been trading at 100% of its face value prior to its redemption, this obligation has now officially matured and been fully reimbursed to its bondholders.