Bond China Bank (Hong Kong) 1.1% ( HK0000294048 ) in HKD

Issuer	China Bank (Hong Kong)
Market price	100 % ⇌
Country	Hong Kong
ISIN code	HK0000294048 ( in HKD )
Interest rate	1.1% per year ( payment 1 time a year)
Maturity	06/02/2017 - Bond has expired
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Minimal amount	500 000 HKD
Total amount	1 000 000 000 HKD
Detailed description	Bank of China (Hong Kong) is a major commercial bank in Hong Kong, a subsidiary of Bank of China, offering a wide range of financial services including retail banking, corporate banking, investment banking, and global markets. An in-depth review of the bond identified by ISIN HK0000294048 reveals a successfully matured fixed-income instrument issued by Bank of China (Hong Kong). Bank of China (Hong Kong) Limited, headquartered in Hong Kong, stands as a prominent financial institution and one of the three note-issuing banks in the territory, offering a comprehensive range of banking services from retail to corporate banking, reflecting its significant role within the regional financial landscape and as a major subsidiary of Bank of China Limited. The bond, denominated in Hong Kong Dollars (HKD), featured an annual interest rate of 1.1% and represented a substantial total issue size of HKD 1,000,000,000. Investors looking to acquire this particular security faced a minimum purchase threshold of HKD 500,000. Originally issued in Hong Kong, this debt instrument had a defined maturity date of February 6, 2017. With an annual payment frequency, the bond's lifecycle concluded precisely as planned. As confirmed by market records, the bond reached its maturity on the stipulated date and was fully redeemed at 100% of its par value, underscoring a successful and timely repayment to bondholders. This redemption at par reflects the instrument's stable performance throughout its tenure up to its final settlement.