Bond State Power Corp 3.38% ( XS2403671493 ) in USD

Issuer	State Power Corp
Market price	100 % ⇌
Country	China
ISIN code	XS2403671493 ( in USD )
Interest rate	3.38% per year ( payment 2 times a year)
Maturity	Perpetual
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Next Coupon	09/05/2026 ( In 89 days )
Detailed description	State Power Investment Corporation (SPIC) is a large Chinese state-owned enterprise primarily involved in the development and operation of power generation and related infrastructure projects, both domestically and internationally. An in-depth analysis of the perpetual bond identified by ISIN XS2403671493, issued by State Power Investment Corporation, provides insights into a unique fixed-income offering. Headquartered in China, State Power Investment Corporation (SPIC) is a colossal state-owned enterprise, ranking among the nation's top five power generators. Its vast operations span the entire energy value chain, including the development, investment, construction, operation, and management of power plants, alongside significant interests in coal, aluminum, and other energy-related sectors, solidifying its strategic importance within China's national infrastructure. This particular debt instrument is denominated in United States Dollars (USD) and features a fixed annual interest rate, or coupon, of 3.38%. Interest payments are structured to occur with a frequency of two times per year, ensuring semi-annual distributions to bondholders. Currently, the bond is observed trading at its par value, precisely 100% of its nominal principal. The most distinguishing characteristic of this security is its perpetual maturity. Unlike traditional bonds with a defined maturity date where principal is repaid to investors, this instrument carries no scheduled principal repayment date. Consequently, investors primarily derive their returns from the continuous stream of 3.38% semi-annual coupon payments, a structure that necessitates a long-term investment horizon and a specific understanding of the inherent risks associated with an indeterminate principal recovery period.