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China Development Bank to issue RMB 20-bln bonds

Jul. 6, 2012 (China Knowledge) - China Development Bank or CDB, one of the three policy banks in the country, has announced plans to auction not more than RMB 20 billion worth of floating-rate bonds with a maturity of five years on the interbank market on Jul. 10.

Both value date and payment due date is set on Jul. 16, and the to-be-issued bonds tradable on Jul. 20.

Interest will be paid per quarter. This will be the 33th financial bond issued by the lender this year.

The bank said earlier that it plans to issue five tranches of fixed-rate bonds worth a total of RMB 30 billion from Jul. 4 to Jul. 9.

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