Bond Zhejiang Tailong Finance Bonds 0% ( CND10004JDP4 ) in CNY

Issuer	Zhejiang Tailong Finance Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10004JDP4 ( in CNY )
Interest rate	0%
Maturity	20/08/2021 - Bond has expired
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Minimal amount	/
Total amount	1 030 000 000 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. This report details the successful lifecycle and redemption of a specific bond issuance identified by ISIN CND10004JDP4, which was issued by Zhejiang Tailong Commercial Bank. Zhejiang Tailong Commercial Bank, a financial institution operating in China, functions as a commercial bank, typically providing a range of banking services including deposit-taking, lending, and other financial services to both corporate and retail clients within its domestic market, thereby playing a role in the regional financial ecosystem. This particular obligation, denominated in Chinese Yuan (CNY), had a substantial total issue size of CNY 1,030,000,000. Notably, the bond featured a 0% interest rate, indicating that it was structured as a zero-coupon bond, where investors did not receive periodic interest payments but were instead intended to receive the full face value at maturity, with the "payment frequency" of '1' referring to this single principal repayment at the end of the term. The bond reached its scheduled maturity date on August 20, 2021, and, as confirmed by its current market price of 100%, it was fully redeemed, meaning the principal amount was repaid to the bondholders as scheduled.