Bond Shangrao Bank Bonds 0% ( CND100049RL5 ) in CNY

Issuer	Shangrao Bank Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND100049RL5 ( in CNY )
Interest rate	0%
Maturity	16/05/2021 - Bond has expired
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Minimal amount	/
Total amount	410 000 000 CNY
Detailed description	Bank of Shangrao bonds are debt securities issued by the Bank of Shangrao, a Chinese commercial bank, offering investors fixed-income returns and varying levels of risk depending on the bond's maturity and credit rating. This financial analysis details the key specifications and lifecycle of a particular debt instrument, identified by its ISIN code CND100049RL5. The bond was issued by Bank of Shangrao Bonds, a regional commercial bank established in 2007 and headquartered in Shangrao, Jiangxi Province, China, offering diverse financial services including retail and corporate banking; its bond issuances, such as this one, serve as instruments for capital generation within the Chinese financial landscape. Denominated in Chinese Yuan (CNY), this specific issuance carried a total value of CNY 410,000,000 and was characterized by a 0% interest rate, suggesting its structure as a zero-coupon bond or a similar deep-discount instrument where the return is realized through the difference between purchase price and par value at maturity. Issued in China, the bond had a defined maturity date of May 16, 2021, with a payment frequency of '1,' indicating a single principal repayment upon maturity. It is important to note that this bond has successfully reached its maturity and was fully redeemed on its due date, with all obligations to bondholders having been met, thereby concluding its term in the market.