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ItalianoBond State Grid Overseas Investment [BVI] Ltd 2.125% ( USG8450LAB02 ) in USD
| Issuer | State Grid Overseas Investment [BVI] Ltd | ||||||
| Market price | 100 % ⇌ | ||||||
| Country |  China
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| ISIN code |
 USG8450LAB02 ( in USD )
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| Interest rate | 2.125% per year ( payment 2 times a year) | ||||||
| Maturity | 05/17/2021 - Bond has expired | ||||||
| Minimal amount | 200 000 USD | ||||||
| Total amount | 500 000 000 USD | ||||||
| Cusip | G8450LAB0 | ||||||
| Standard & Poor's ( S&P ) rating | N/A | ||||||
| Moody's rating | N/A | ||||||
| Detailed description |
State Grid Overseas Investment [BVI] Ltd. is a subsidiary of State Grid Corporation of China, focused on international investments in the power and energy sectors, primarily through acquisitions and greenfield projects. An informative review of a recently matured fixed-income instrument reveals the details of a bond, identified by ISIN USG8450LAB02 and CUSIP G8450LAB0, issued by State Grid Overseas Investment [BVI] Ltd, a British Virgin Islands-based financing vehicle for State Grid Corporation of China, a major state-owned electric utility company from China, which has successfully reached its maturity and been fully reimbursed; this U.S. Dollar-denominated bond, with an initial total issuance size of USD 500,000,000 and a minimum purchase threshold of USD 200,000, carried an annual interest rate of 2.125% with semi-annual payments and was observed trading at 100% of its par value prior to its maturity date of May 17, 2021. |
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