Bond Qinghai Obligations 3.99% ( CND10000JD52 ) in CNY

Issuer	Qinghai Obligations
Market price	100 % ▲
Country	China
ISIN code	CND10000JD52 ( in CNY )
Interest rate	3.99% per year ( payment 1 time a year)
Maturity	13/10/2024 - Bond has expired
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Minimal amount	/
Total amount	2 439 000 000 CNY
Detailed description	Qinghai Bonds are debt securities issued by the provincial government of Qinghai, China, to finance infrastructure projects and other government initiatives. A financial bond identified by ISIN CND10000JD52, issued under the designation Qinghai Bonds, recently reached its full maturity and was subsequently redeemed. This specific debt instrument, denominated in Chinese Yuan (CNY), featured a coupon rate of 3.99% with interest payments structured on an annual frequency. The bond represented a total issue size of CNY 2,439,000,000 and was originally scheduled to mature on October 13, 2024. The issuer, referenced as 'Qinghai Bonds,' typically refers to debt obligations issued by or on behalf of entities within Qinghai Province, China. Qinghai, a geographically expansive province located in the country's northwest, plays a crucial role in China's development strategies, particularly concerning natural resources and environmental conservation. Bonds originating from this region, often issued by the provincial government or its affiliated financing vehicles, serve as a primary mechanism for funding essential public infrastructure projects, fostering local economic development, and managing regional fiscal needs. The successful redemption of this bond on its maturity date of October 13, 2024, with its market price recorded at 100% of par, confirms the timely and complete repayment of the principal amount to all bondholders, underscoring the fulfillment of the issuer's financial obligations.