Bond Zhejiang Tailong Finance Bonds 3.75% ( CND10003L4N5 ) in CNY

Issuer	Zhejiang Tailong Finance Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10003L4N5 ( in CNY )
Interest rate	3.75% per year ( payment 1 time a year)
Maturity	27/08/2023 - Bond has expired
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Minimal amount	/
Total amount	3 000 000 000 CNY
Detailed description	Zhejiang Tailong Commercial Bank Bonds are debt securities issued by Zhejiang Tailong Commercial Bank, representing a loan to the bank and offering investors a fixed or variable income stream based on the terms of the bond. The fixed-income instrument bearing ISIN CND10003L4N5, issued by Zhejiang Tailong Commercial Bank, has successfully completed its lifecycle, reaching maturity and full repayment. Zhejiang Tailong Commercial Bank is a prominent commercial bank operating within China's Zhejiang province, a key regional financial institution providing a range of banking services to support local economic activity and serve both corporate and retail clientele. This specific bond, denominated in Chinese Yuan (CNY), offered investors an annual interest rate of 3.75% on its principal. The total size of this issuance amounted to CNY 3,000,000,000, making it a significant offering in the Chinese debt market. With a maturity date of August 27, 2023, and an annual payment frequency, the bond was repaid at its par value (100% of its nominal value) upon maturity, confirming its successful redemption and the return of principal to bondholders.