Two Chinese banks would auction overall 14 billion yuan worth of financial bonds on July 28.
The two banks are Huishang Bank and China Bohai Bank. Huishang Bank would auction 3.5 billion yuan worth of 3-year bond and 500 million yuan worth of 5-year bonds, while China Bohai Bank would offer 8 billion yuan worth of 3-year bonds and 2 billion yuan worth of 5-year bonds.
So far, Chinese commercial banks have issued overall 29 batches of financial bonds valued at 75.4 billion yuan this year.
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