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ItalianoBond Bank of Communications 2.35% ( HK0000232808 ) in USD
| Issuer | Bank of Communications | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  China
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| ISIN code |
 HK0000232808 ( in USD )
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| Interest rate | 2.35% per year ( payment 2 times a year) | ||||||
| Maturity | 16/01/2018 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 000 USD | ||||||
| Total amount | 10 000 000 USD | ||||||
| Detailed description |
Bank of Communications Co., Ltd. (BoCom) is a major Chinese state-owned commercial bank offering a wide range of financial services domestically and internationally. An examination of a historical debt instrument reveals insights into the past funding activities of a prominent Chinese financial institution. Specifically, the bond identified by ISIN HK0000232808 was issued by the Bank of Communications. The Bank of Communications, headquartered in Shanghai, stands as one of the 'Big Five' state-owned commercial banks in China, recognized as a significant player in the global financial landscape. Established in 1908, it offers a broad spectrum of financial services, including corporate banking, personal banking, treasury operations, and asset management, serving a vast client base both domestically and internationally. This particular bond, denominated in US Dollars (USD), featured an annual interest rate of 2.35%, paid semi-annually, corresponding to a payment frequency of two times per year. The total issuance size for this instrument amounted to USD 10,000,000, with a minimum purchase size set at USD 100,000. While its market price was observed at 100% during its active trading period, reflecting par value, it is crucial to note that this bond reached its scheduled maturity date on January 16, 2018, and has since been fully redeemed and repaid to bondholders, thereby concluding its lifecycle as a debt obligation. |
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