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 3.2502 percent, 3.4826 percent, 3.7674 percent and 3.7400 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 3.3119 percent, 3.5384 percent, 3.7743 percent and 3.7982 percent respectively.
Market players disclosed that the subscription reached 4.75, 5.11, 4.00 and 6.43 times the volumes offered. These were the 13th, 16th, 17th and 18th 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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