Bond Fenghua City Capital Bonds 4.49% ( CND10002HZ80 ) in CNY

Issuer	Fenghua City Capital Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10002HZ80 ( in CNY )
Interest rate	4.49% per year ( payment 1 time a year)
Maturity	26/11/2024 - Bond has expired
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Minimal amount	/
Total amount	1 000 000 000 CNY
Detailed description	Fenghua City Investment Bonds are municipal bonds issued by the government of Fenghua City, Zhejiang Province, China, to finance infrastructure projects and other local government initiatives. An update from the fixed-income market highlights the recent maturity and successful repayment of a significant bond issuance from Fenghua City Investment Bonds. This particular financial instrument, identified by the ISIN CND10002HZ80, was issued in China and denominated in Chinese Yuan (CNY). It carried a fixed interest rate of 4.49% and had a substantial total issuance size of CNY 1,000,000,000. Interest payments were structured to occur on an annual basis. The bond reached its scheduled maturity date on November 26, 2024, and has since been fully redeemed and repaid at 100% of its face value, confirming the fulfillment of its obligations. Fenghua City Investment Bonds, the issuer, is typically a local government financing vehicle (LGFV) or a similar entity established by municipal authorities within China, tasked with raising capital for public infrastructure projects, urban development initiatives, and other local government-backed ventures in Fenghua City. Their bond issuances are a common mechanism for local governments to fund growth and public services.