Bond Baoshan Steel Bonds 1.3% ( CND10003B6X1 ) in CNY

Issuer	Baoshan Steel Bonds
Market price	100 % ▲
Country	China
ISIN code	CND10003B6X1 ( in CNY )
Interest rate	1.3% per year ( payment 1 time a year)
Maturity	08/12/2020 - 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, offering investors a fixed income stream and representing a loan to the enterprise, subject to credit risk and market fluctuations. An informative review of the CND10003B6X1 bond reveals its nature as a fixed-income instrument issued by Baoshan Iron & Steel Bonds, representing an obligation of Baoshan Iron & Steel Co., Ltd. As a prominent entity within China's industrial landscape, Baoshan Iron & Steel Co., Ltd. stands as one of the world's leading and most technologically advanced steel producers, playing a crucial role in providing high-quality steel products for various sectors globally. This particular bond, denominated in Chinese Yuan (CNY), carried a coupon rate of 1.3% and represented a total issuance size of CNY 2,000,000,000. Originating from China, the bond featured an annual payment frequency and reached its maturity date on December 8, 2020. At its maturity, the bond was reported to be trading at 100% of its face value, signifying its successful redemption and full repayment to bondholders, thereby completing its lifecycle in the fixed-income market.