Feb. 24, 2012 (China Knowledge) - China Development Bank or CDB, one of the three policy banks in the country, today said that it has received approval from People's Bank of China
to auction RMB 15 billion of bonds in the interbank market on Feb. 28.
The lender said that it will issue this year's tenth financial bonds with a maturity of five years. The to-be-issued bonds will carry a floated coupon rate. Payment due date and value date will be Mar. 5 and the bonds tradable on Mar. 9.
On Feb.21, CDB issued this year's ninth bonds. The ten-year bonds are valued at RMB 20 billion and with a yield of 4.102%.
The bank has issued this year's eighth financial bonds worth RMB 2 billion. The bonds will have a maturity of seven years and carry a floating rate.
The seventh bonds issued by CDB are also valued at RMB 2 billion with a maturity of seven years, China Knowledge reported earlier