China Development Bank (CDB) issued five batches of bonds on Tuesday.
The five batches of bonds bear a respective maturity of 1 year, 3 years, 5 years, 7 years and 10 years, with the auction yields standing at 2.4243 percent, 2.7138 percent, 2.9582 percent, 3.2546 percent and 3.18532 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 2.4581 percent, 2.7405 percent, 2.9936 percent, 3.1989 percent and 3.1775 percent respectively.
Market players disclosed that the subscription ratios reached 3.42, 2.68, 4.00, 2.01 and 3.88 times the volumes offered. These were the additional issue of the 18th, 20th, 21st, 22nd and 23rd 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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