Jan. 30, 2012 (China Knowledge) - China Development Bank or CDB, one of the three policy banks in the country, plans to auction off RMB 20 billion worth of bonds with a maturity of three years on the interbank market on February 1, 2012.
In a statement, the Chinese lender said the bonds carry a floated coupon rate that will be determined in the process of book-building. Both value date and payment due date will be February 3, and the to-be-issued bonds are tradable on February 9.
Distributors will be Chinese banks, Rural Credit Cooperatives and Chinese insurers or other institutes approved by People's Bank of China
, said the issuer.
This will be the issuer's fourth three-year bonds this year.
On January 17, the lender issued RMB 30 billion worth of seven-year bonds, of which the value date and payment due date will be both February 1. These bonds will be tradable on February 7, sources reported.