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China Development Bank to issue 23B yuan of bonds

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China Development Bank to issue 23B yuan of bonds

China Development Bank plans to issue 23 billion yuan of bonds.

The bank will issue 10 billion yuan of 182-day discount bonds, 8 billion yuan of five-year benchmark bonds priced with a coupon of 4.44% and 5 billion yuan of seven-year benchmark bonds priced with a coupon of 4.30%.

The bonds will be issued Feb. 8 and listed on China's interbank bond market on Feb. 12.

As of Feb. 1, US$1 was equivalent to 6.30 Chinese yuan.