Bond Hubei Obligations 3.01% ( CND100047GW9 ) in CNY

Issuer	Hubei Obligations
Market price	100 % ⇌
Country	China
ISIN code	CND100047GW9 ( in CNY )
Interest rate	3.01% per year ( payment 1 time a year)
Maturity	11/05/2024 - Bond has expired
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Minimal amount	/
Total amount	3 009 630 000 CNY
Detailed description	Hubei Bonds are debt securities issued by the provincial government of Hubei, China, typically used to finance infrastructure projects and other government initiatives. The bond identified by ISIN CND100047GW9, issued by Hubei Bonds, recently reached its maturity and was successfully repaid, as confirmed by market reports. This fixed-income instrument, denominated in Chinese Yuan (CNY), carried an annual interest rate of 3.01% and represented a total issuance size of CNY 3,009,630,000. The issuer, Hubei Bonds, typically refers to bond issuances from entities associated with the Hubei Provincial Government in China, which are instrumental in financing regional public projects, infrastructure development, or general budgetary requirements within the province. Located in central China, Hubei is a significant economic and industrial hub, and its bond offerings provide crucial capital for its development initiatives. The bond reached its scheduled maturity on May 11, 2024, at which point the principal amount was redeemed at 100% of its par value, ensuring that investors received their full repayment as per the terms of the bond, which featured an annual payment frequency.