Bond Zhejiang CommInvest Group Bonds 2.2% ( CND100073KM8 ) in CNY

Issuer	Zhejiang CommInvest Group Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND100073KM8 ( in CNY )
Interest rate	2.2% per year ( payment 1 time a year)
Maturity	09/01/2024 - Bond has expired
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Minimal amount	/
Total amount	1 000 000 000 CNY
Detailed description	Zhejiang Communications Investment Group Bonds are debt securities issued by Zhejiang Communications Investment Group, a Chinese state-owned enterprise, to raise capital for infrastructure projects and other investments within the transportation and communication sectors in Zhejiang province and potentially beyond. This financial overview pertains to a recently matured and redeemed bond, identified by ISIN CND100073KM8, which was issued in China by Zhejiang Communications Investment Group, an entity that plays a crucial role in the development and financing of critical infrastructure within Zhejiang Province, thereby representing a key state-owned or state-backed player in the Chinese transportation and communications sector, this particular fixed-income instrument, denominated in CNY, having a total issue size of CNY 1,000,000,000 and bearing an annual interest rate of 2.2% with an annual payment frequency, successfully reached its maturity on January 9, 2024, at which point it was repaid at its par value, reflected by its 100% market price at the time of redemption.