Bond Baoshan Steel Bonds 1.8% ( CND10002R605 ) in CNY

Issuer	Baoshan Steel Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10002R605 ( in CNY )
Interest rate	1.8% per year ( payment 1 time a year)
Maturity	18/08/2020 - Bond has expired
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Minimal amount	/
Total amount	2 000 000 000 CNY
Detailed description	Baoshan Iron & Steel (Baosteel) bonds are debt securities issued by the company, representing a loan to Baosteel with the promise of repayment of principal plus interest at a specified date or dates. An analysis of a specific bond instrument, identified by ISIN CND10002R605, reveals its full lifecycle completion within the financial markets. The issuer of this bond was Baoshan Iron & Steel Co., Ltd., a prominent state-owned enterprise headquartered in Shanghai, China, which stands as one of the world's largest and most technologically advanced steel producers. This particular issuance originated from China, was denominated in Chinese Yuan (CNY), and carried a fixed interest rate (coupon) of 1.8%. The total size of the bond issue was CNY 2,000,000,000. With a payment frequency of once per year, the bond reached its maturity date on August 18, 2020, and was subsequently redeemed at 100% of its par value, confirming that the obligation has successfully matured and been fully repaid to its bondholders.