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China Development Bank to auction RMB 15 bln bonds

Mar. 30, 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 15 billion worth of financial bonds on Apr. 5.

The lender said that the bonds, this year's 16th such bonds issued by the policy bank, will have a maturity of one and carry a fixed rate.

Payment due date and value date will be Apr.10 and the bonds tradable on Apr. 12.

Interest of the bonds will be paid annually.

CDB on Wednesday auctioned RMB 24 billion of three-year financial bonds with a coupon rate of 3.83%.

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