China Development Bank (CDB) issued four batches of bonds amid brisk demands on Tuesday. The four batches of bonds bear a maturity of 2 years, 3 years, 5 years and 10 years, with the auction yields standing at 3.0800 percent, 3.0770 percent, 3.3154 percent and 3.4746 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 2-year, 3-year, 5-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.1675 percent, 3.1953 percent, 3.4607 percent and 3.5357 percent respectively on the day. Market players disclosed that the subscription ratios reached 4.49, 3.80, 5.00 and 4.21 times the volumes offered.
Analysts noted that investors became more enthusiastic about bond allocation due to their rising risk-aversion appetite. The bonds floated Tuesday were the 18th, 20th, 23rd and 24th 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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