Bond IBCC 4.4% ( CND100027K07 ) in CNY

Issuer	IBCC
Market price	100 % ⇌
Country	China
ISIN code	CND100027K07 ( in CNY )
Interest rate	4.4% per year ( payment 1 time a year)
Maturity	26/04/2029
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Minimal amount	100 CNY
Total amount	45 000 000 000 CNY
Next Coupon	26/04/2026 ( In 21 days )
Detailed description	ICBC is a Chinese multinational banking and financial services corporation headquartered in Beijing, offering a wide range of financial products and services globally. This financial article details a bond issuance from a major global financial institution: "A significant fixed-income instrument, identified by ISIN CND100027K07, is currently offered by the Industrial and Commercial Bank of China (ICBC), a globally leading banking entity. As one of China's "Big Four" state-owned commercial banks, ICBC stands as the largest bank in the world by assets, playing a pivotal role in the Chinese and international financial systems with its extensive network and comprehensive range of banking and financial services. This particular bond, issued out of China, is currently trading at 100% of its par value on the market, indicating its price aligns precisely with its nominal value. Denominated in Chinese Yuan (CNY), it carries an attractive fixed interest rate of 4.4%, which is paid with an annual frequency, providing a consistent income stream. The total size of this bond issuance is substantial, amounting to CNY 45,000,000,000, reflecting the issuer's significant funding needs and market presence. Retail and institutional investors can access this opportunity with a relatively low minimum purchase size of CNY 100. The bond is slated to reach its maturity on April 26, 2029, offering a defined medium-term investment horizon for those seeking exposure to Chinese debt markets through a highly creditworthy issuer."