Bond Jingrui Global Ltd 10.875% ( XS1976349016 ) in USD

Issuer	Jingrui Global Ltd
Market price	100 % ⇌
Country	China
ISIN code	XS1976349016 ( in USD )
Interest rate	10.875% per year ( payment 2 times a year)
Maturity	03/10/2021 - Bond has expired
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Minimal amount	200 000 USD
Total amount	200 000 000 USD
Detailed description	Jingrui Holdings Ltd. is a Chinese company primarily engaged in the development and operation of integrated resorts and related businesses, including property development and hotel management. A detailed examination of the XS1976349016 bond reveals its characteristics as a significant debt instrument issued by Jingrui Holdings Ltd. This bond, denominated in US Dollars, carried a substantial annual interest rate of 10.875%, with interest payments made semi-annually (frequency 2). The total initial offering size for this particular issuance was USD 200,000,000, with a minimum investment threshold set at USD 200,000, indicating its appeal to institutional or high-net-worth investors. Issued from China, this security played a role in the international capital markets. Jingrui Holdings Ltd, the issuer, is a prominent real estate development company based in China, primarily engaged in the development and sale of residential and commercial properties. Founded in 1993 and headquartered in Shanghai, the company has established a significant presence in various first and second-tier cities across China, known for its focus on integrated urban development. The bond reached its maturity date on October 3, 2021, and was subsequently redeemed at its par value, as reflected by its 100% market price at the time of maturity, confirming its full repayment to bondholders.