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China Development Bank to auction RMB 40 bln bonds

Feb. 10, 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 bonds worth a total of RMB 40 billion on February 14.

The lender said that it will issue this year's seventh financial bonds worth RMB 20 billion. The bonds will have a maturity of seven years and carry a fixed coupon rate. Payment due date and value date will be February 16 and the bonds tradable on February 22.

In addition, the lender will issue this year's eighth bonds worth RMB 20 billion. The bonds will have a maturity of seven years and carry a floating rate. Payment due date and value date will be February 21 and the bonds become tradable on February 27.






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