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ItalianoBond China Development Bank 4.73% ( CND100004G34 ) in CNY
| Issuer | China Development Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  China
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| ISIN code |
 CND100004G34 ( in CNY )
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| Interest rate | 4.73% per year ( payment 1 time a year) | ||||||||
| Maturity | 24/08/2021 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 CNY | ||||||||
| Total amount | 20 000 000 000 CNY | ||||||||
| Detailed description |
China Development Bank (CDB) is a state-owned policy bank in China that provides financial support for national strategic projects and key infrastructure development. A detailed analysis of a recently matured fixed-income instrument issued by the China Development Bank provides insight into the Chinese sovereign-backed debt market. Identified by the ISIN CND100004G34, this bond originated from China, reflecting its country of issuance. The issuer, the China Development Bank (CDB), stands as one of China's three major policy banks, operating under the direct leadership of the State Council. Its primary mandate is to facilitate strategic national development initiatives, including significant infrastructure projects, industrial upgrades, and support for the Belt and Road Initiative, thereby playing a pivotal role in China's economic macro-management and international outreach, often through long-term credit. This particular bond, denominated in Chinese Yuan (CNY), featured a competitive fixed interest rate of 4.73%, offering a steady annual return to investors with a payment frequency of once per year. The total size of this issuance was substantial, reaching 20,000,000,000 CNY, indicating a significant fundraising effort by the CDB to support its operational objectives. Available for a minimum purchase of 100 CNY, it catered to a broad range of investors. Importantly, this fixed-income security reached its scheduled maturity date on August 24, 2021, and was subsequently repaid at its par value of 100%, confirming the full reimbursement of principal to its bondholders as per its terms and conditions, thereby illustrating the timely fulfillment of the issuer's obligations. |
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