China Development Bank (CDB) issued 2 batches of floating-rate bonds on Thursday. The 2 batches of bonds bear a maturity of 1 year and 3 years, with the auction yields standing at 2.43 percent and 2.84 percent respectively.
Market players disclosed that the subscription ratios reached 4.412 and 3.412 times the volumes offered respectively. Analysts attributed the enthusiastic subscription to the relatively loose liquidity condition and investors' risk aversion sentiment at present. These were the first two batches of bonds offered by the bank in 2016.
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