Jan. 16, 2012 (China Knowledge) - China
Development Bank or CDB, one of the three policy banks in the country, has said that it plans to auction two tranches of financial bonds worth a total of RMB 30 billion on January 17.
The lender said that it will issue this year's second financial bonds worth RMB 20 billion. The bonds will have a maturity of seven years and carry a fixed coupon rate. Payment due date will be February 1 and the bonds become tradable on February 7.
In addition, the lender will issue this year's third financial bonds worth RMB 10 billion. The bonds will have a maturity of five years and carry a floating rate. Payment due date will be February 2 and the bonds become tradable on February 8.
The bank last week issued RMB 20 billion of ten-year financial bonds with a coupon rate of 3.85%.