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China Development Bank to auction RMB 46 bln bonds

Mar. 14, 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 46 billion on Mar. 19.

The lender said that it will issue this year's 12th financial bonds worth RMB 26 billion. The bonds will have a maturity of three years and carry a floating rate. Payment due date and value date will be Mar. 21 and the bonds tradable on Mar. 27.

In addition, the lender will issue this year's 13th bonds worth RMB 20 billion. The bonds will have a maturity of ten years and carry a fixed rate. Payment due date and value date will be Mar. 22 and the bonds become tradable on Mar. 28.

Interest of the two bonds will be paid annually.






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