Bond Baoshan Steel Bonds 2% ( CND10004TVZ4 ) in CNY

Issuer	Baoshan Steel Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND10004TVZ4 ( in CNY )
Interest rate	2% per year ( payment 1 time a year)
Maturity	11/11/2022 - Bond has expired
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Minimal amount	/
Total amount	3 000 000 000 CNY
Detailed description	Baoshan Iron & Steel (Baosteel) bonds are debt securities issued by the company, representing a loan to Baosteel with the promise of repayment of principal plus interest at a specified date or dates. This financial article details a bond identified by the ISIN CND10004TVZ4, issued by Baoshan Iron & Steel Bonds, with Baoshan Iron & Steel Co., Ltd., a prominent Chinese steel manufacturing conglomerate and a key subsidiary of China Baowu Steel Group, one of the world's largest steel producers, serving as the issuer based in China, the country of issuance for this debt instrument. This specific bond, denominated in Chinese Yuan (CNY), featured an annual interest rate of 2% with an annual payment frequency and represented a total issuance size of CNY 3,000,000,000. Although its market price was historically noted at 100%, reflecting its par value, the bond reached its maturity on November 11, 2022, and has since been fully repaid and redeemed, thereby concluding its financial obligation.