China Development Bank (CDB) issued four batches of bonds amid brisk demands on Tuesday.
The four batches of bonds bear a maturity of 3 years, 5 years, 7 years and 10 years, with the auction yields standing at 3.4510 percent, 3.7648 percent, 4.0510 percent and 4.0116 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 3-year, 5-year, 7-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.4919 percent, 3.7599 percent, 4.0858 percent and 4.0016 percent respectively.
Market players disclosed that the subscription ratios reached 4.71, 3.89, 4.93 and 4.94 times the volumes offered. Insiders noted that investors were enthusiastic about bond allocation under the current weak stock market, which provided a support to bonds.
These were the additional issue of 10th, 12th, 13th and 16th batches of bonds offered by the bank in 2015. The raised proceeds would be used to support shantytown restoration projects and urban infrastructure construction.
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