China Development Bank (CDB) issued five batches of bonds amid brisk demands on Tuesday.
The five batches of bonds bear a maturity of 1 year, 3 years, 5 years, 7 years and 10 years, with the auction yields standing at 2.5827 percent, 3.4507 percent, 3.7475 percent, 4.0176 percent and 4.0332 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year, 3-year, 5-year, 7-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.6794 percent, 3.5206 percent, 3.7922 percent, 4.0552 percent and 4.0507 percent respectively.
Market players disclosed that the subscription ratios reached 4.34, 2.69, 3.13, 3.51 and 2.78 times the volumes offered. Insiders noted that the slowing economy and loose liquidity condition provided a strong support for bond market.
Moreover, the correction of the stock market fueled up investors' risk aversion sentiment, which was also favorable to bond auction result.
These were the additional issue of the 7th to 11th batches of bonds offered by the bank in 2015.
The raised proceeds would be used to support shantytown restoration projects and urban infrastructure construction.
Latest comments