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 2.6151 percent, 3.5400 percent, 3.8280 percent, 4.1018 percent and 4.0827 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 2.7112 percent, 3.5975 percent, 3.8834 percent, 4.1108 percent and 4.1266 percent respectively.
Market players disclosed that the subscription ratios reached 3.26, 2.58, 2.51, 2.19 and 2.79 times the volumes offered. These were the additional issue of the 8th to 11th batches of bonds offered by the bank in 2015 and the fresh issue of the 12th batch.
The raised proceeds would be used to support shantytown restoration projects and urban infrastructure construction.
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