Bond Liuzhou Guangxi Steel Bonds 2.96% ( CND100073T68 ) in CNY

Issuer	Liuzhou Guangxi Steel Bonds
Market price	100 % ⇌
Country	China
ISIN code	CND100073T68 ( in CNY )
Interest rate	2.96% per year ( payment 1 time a year)
Maturity	16/07/2024 - Bond has expired
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Minimal amount	/
Total amount	500 000 000 CNY
Detailed description	Guangxi Liuzhou Iron and Steel Group Bonds are debt securities issued by Guangxi Liuzhou Iron and Steel Group, representing a loan to the company with a promise to repay the principal plus interest at specified future dates. An analysis of the CND100073T68 bond reveals its recent successful redemption, marking the conclusion of an investment cycle for holders of this fixed-income instrument. Issued by Guangxi Liuzhou Iron and Steel Group, a prominent industrial conglomerate and key steel producer based in China's Guangxi Zhuang Autonomous Region, this bond was denominated in Chinese Yuan (CNY) and carried a 2.96% annual interest rate. The issuer, a significant entity within the Chinese industrial landscape, frequently utilizes the bond market to secure financing for its extensive operations and strategic objectives, reflecting its role in the national economy. This particular bond, with an ISIN of CND100073T68, represented a total issuance size of CNY 500,000,000. Originally scheduled to mature on July 16, 2024, the bond has indeed reached its maturity date and was fully redeemed at 100% of its face value, confirming the principal repayment to investors as per its terms. Its singular annual payment frequency ensured a predictable income stream throughout its lifecycle until its final successful redemption.