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ItalianoBond Bank of Communications 0% ( CND10003PPR3 ) in CNY
| Issuer | Bank of Communications | ||||||||||||||||||||||||||||||||||||||||||||||||
| Market price |  100.00 % ⇌ |
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| Country |  China
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| ISIN code |
 CND10003PPR3 ( in CNY )
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| Interest rate | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | Perpetual | ||||||||||||||||||||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 CNY | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | 30 000 000 000 CNY | ||||||||||||||||||||||||||||||||||||||||||||||||
| Detailed description |
Bank of Communications Co., Ltd. (BoCom) is a major Chinese state-owned commercial bank offering a wide range of financial services domestically and internationally. An analysis of the bond market reveals a unique perpetual bond, identified by ISIN CND10003PPR3, issued by the Bank of Communications, a cornerstone of China's financial sector. Bank of Communications (BoCom) stands as one of China's oldest and largest state-owned commercial banks, holding a pivotal role in the nation's economic development and global financial landscape through its extensive network and diversified services. This particular debt instrument, originating from China and denominated in Chinese Yuan (CNY), represents a substantial offering with a total issuance size of CNY 30,000,000,000. Currently valued at 100% of its par value on the market, its most striking feature is an interest rate of 0%, signifying that it pays no regular coupon to investors. Despite a listed payment frequency of '1', this bond offers no direct interest distributions. As a perpetual bond, it possesses no fixed maturity date, implying no scheduled principal repayment, a characteristic that aligns it more closely with equity instruments than traditional fixed-income securities, with its value potentially derived from market speculation or other embedded features. The minimum purchase increment for this singular offering is set at CNY 100. |
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