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 2.5327 percent, 3.1307 percent, 3.3342 percent, 3.5954 percent and 3.5302 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 2.7137 percent, 3.2484 percent, 3.4541 percent, 3.7156 percent and 3.6476 percent respectively.
Market players disclosed that the subscription ratios reached 3.70, 6.27, 4.49, 5.76 and 3.77 times the volumes offered. Analysts noted that thanks to the relatively stable liquidity condition, it was well within expectations to see the favorable auction results.
These were the additional issue of the 15th to 20th 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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