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 2.4992 percent, 3.2290 percent, 3.4431 percent, 3.7492 percent and 3.7096 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 2.6883 percent, 3.3170 percent, 3.5404 percent, 3.8142 percent and 3.7951 percent respectively.
Market players disclosed that the subscription amount reached 6.01, 5.59, 4.88, 3.62 and 3.97 times the volume offered respectively.
These were the additional issues of the 13th, 15th, 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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