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ItalianoBond China Development Bank 2.4% ( HK0000204229 ) in HKD
| Issuer | China Development Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  China
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| ISIN code |
 HK0000204229 ( in HKD )
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| Interest rate | 2.4% per year ( payment 1 time a year) | ||||||||
| Maturity | 20/06/2017 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 000 HKD | ||||||||
| Total amount | 105 000 000 HKD | ||||||||
| Detailed description |
China Development Bank (CDB) is a state-owned policy bank in China that provides financial support for national strategic projects and key infrastructure development. This report details a specific bond issuance, identified by ISIN HK0000204229, which has since matured and been fully repaid. The issuer, China Development Bank (CDB), is a state-owned development financial institution established in 1994 under the direct leadership of the State Council of the People's Republic of China. As one of China's three policy banks, CDB plays a pivotal role in financing large-scale infrastructure projects, supporting key industries, and promoting regional development both domestically and internationally, operating with a primary mandate to serve national strategic objectives rather than solely pursuing commercial profits. This unique positioning often confers a strong perception of creditworthiness on its debt instruments, given its implicit government backing and strategic importance to the Chinese economy. The bond in question was a Hong Kong Dollar (HKD) denominated obligation issued by CDB, carrying a fixed interest rate, or coupon, of 2.4%. The total principal amount for this specific issuance was HKD 105,000,000, with a minimum purchase size set at HKD 1,000,000, typically indicating targeting towards institutional or high-net-worth investors. Issued from China, this bond had a maturity date of June 20, 2017, and featured an interest payment frequency of 1, which generally implies annual payments. At the time of its redemption, the market price of the bond was at 100% of its par value, confirming its repayment at face value. It is confirmed that this particular bond has reached its maturity date and has been fully redeemed and repaid to bondholders, underscoring the timely fulfillment of the issuer's financial obligations. |
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