Bond Agricultural Development Bank of China (ADBC) 0% ( CND100002ZV6 ) in CNY

Issuer	Agricultural Development Bank of China (ADBC)
Market price	100 % ▲
Country	China
ISIN code	CND100002ZV6 ( in CNY )
Interest rate	0%
Maturity	10/09/2020 - Bond has expired
Prospectus brochure in PDF format
Minimal amount	100 CNY
Total amount	19 020 000 000 CNY
Detailed description	The Agricultural Development Bank of China (ADBC) is a state-owned commercial bank primarily focused on providing financial services to the agricultural sector and rural areas in China. This financial analysis details a specific bond issuance by the Agricultural Development Bank of China (ADBC), identified by ISIN code CND100002ZV6. The Agricultural Development Bank of China, a state-owned policy bank of the People's Republic of China, plays a crucial role in implementing national agricultural policies by providing financial services for the development of agriculture, rural areas, and farmers. This particular bond, issued in China and denominated in Chinese Yuan (CNY), represented a substantial total issuance size of 19,020,000,000 CNY, with a minimum purchase size set at 100 units. Notably, this instrument featured a 0% interest rate, indicating it was structured as a zero-coupon bond, where investors typically purchase it at a discount and receive the full face value at maturity, thus realizing their return. The bond reached its maturity on September 10, 2020, at which point it was successfully repaid to investors at 100% of its par value, confirming its full redemption.