China Development Bank (CDB) issued five batches of bonds amid steady 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 2.5000 percent, 3.2293 percent, 3.4600 percent, 3.7917 percent and 3.7084 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 2.6875 percent, 3.3236 percent, 3.5262 percent, 3.8229 percent and 3.7791 percent respectively.
Market players disclosed that the subscription ratios reached 4.42, 3.82, 4.19, 3.93 and 2.77 times the volumes offered.
These were the additional issue of the 16th, 17th and 18th batches of bonds offered by the bank in 2015 and the fresh issue of the 19th and 20th ones.
The raised proceeds would be used to support shantytown restoration projects and urban infrastructure construction.
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