Mar. 23, 2012 (China Knowledge) - China
Development Bank or CDB, one of the three policy banks in the country, announced today that it plans to auction RMB 24 billion worth of financial bonds on Mar. 28.
The lender said that the bonds, this year's 15th such bonds issued by the policy bank, will have a maturity of three years and carry a fixed rate.
Payment due date and value date will be Apr. 5 and the bonds tradable on Apr. 11.
Interest of the bonds will be paid annually.
CDB yesterday auctioned RMB 22 billion of five-year financial bonds with a coupon rate of 4.10%.