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China Development Bank to issue 18B yuan of benchmark bonds

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China Development Bank to issue 18B yuan of benchmark bonds

China Development Bank will issue 18 billion yuan of benchmark bonds.

The three-year bonds were priced with a coupon of 3.85%, according to a Nov. 27 release.

The bonds will be issued Dec. 4 and will be listed on China's interbank bond market Dec. 6.

As of Nov. 27, US$1 was 6.60 Chinese yuan.