Bond Zh?ngguó 0% ( CND10002F6P4 ) in CNY

Issuer	Zh?ngguó
Market price	100 % ⇌
Country	China
ISIN code	CND10002F6P4 ( in CNY )
Interest rate	0%
Maturity	25/11/2019 - Bond has expired
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Minimal amount	100 CNY
Total amount	10 060 000 000 CNY
Detailed description	China is a vast, diverse East Asian country with a rich history, a rapidly growing economy, and a complex political system. A sovereign bond issued by the People's Republic of China, identified by the ISIN CND10002F6P4, recently completed its lifecycle, having successfully matured and been redeemed. China, as the world's second-largest economy and a major global financial actor, regularly issues debt instruments to finance its public expenditures and manage its national debt, with its sovereign bonds typically holding significant appeal for both domestic and international investors given the nation's economic scale and stability. This specific bond, issued in its domestic currency, the Chinese Yuan (CNY), had a substantial total issue size of CNY 10,060,000,000, with a minimum purchase size set at 100 units, making it accessible to a range of investors. Notably, this instrument featured a 0% interest rate, indicating it was structured as a zero-coupon bond, where investor returns are derived from the discount at which it was initially purchased and its eventual redemption at par. Correspondingly, its payment frequency of '1' refers to the single principal repayment made upon maturity. The bond reached its maturity date on November 25, 2019, at which point it was redeemed at 100% of its par value, successfully fulfilling its term as part of China's sovereign debt obligations.