China Development Bank (CDB) issued five batches of bonds 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 2.2900 percent, 2.6964 percent, 2.8385 percent, 3.1666 percent and 3.0211 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 2.3608 percent, 2.7387 percent, 2.8633 percent, 3.1379 percent and 3.0452 percent respectively.
Market players disclosed that the subscription ratios reached 5.05, 2.14, 2.31, 2.09 and 2.61 times the volumes offered. These were the additional issue of the 18th, 20th, 21st, 23rd batches of bonds offered by the bank in 2015 and the fresh issue of the 4th batch in 2016.
The raised proceeds would be used to support shantytown restoration projects and urban infrastructure construction.
Latest comments