Jul. 23, 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 tomorrow.
Both value date and payment due date is set on Jul. 26, and the to-be-issued bonds tradable on Aug. 1.
Interest will be paid annually. This will be the 34th financial bond issued by the lender this year.
On Jul. 10, the bank issued RMB 20 billion of five-year floating-rate bonds with a coupon rate of 4.08% (including a spread of 0.05%).