China Development Bank issued its 1-year, 3-year and 5-year floating rate bonds at 2.3622 percent, 2.9265 percent and 3.0100 percent yields Thursday.
The three products were 4.00 times, 2.77 times and 3.44 times subscribed at auction early on Thursday. In its announcement, China Development Bank said it reserved rights to float additional issues for the three products, the first three batches of floaters it auctioned in 2016.
In near future, China's cash bond yields are likely to decline further given the unchanged macro economic fundamental, increasing hopes for liquidity easing and habitually brisk demand from institutional investors at the year start.
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