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China Development Bank to issue up to 9B yuan of benchmark bonds

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China Development Bank to issue up to 9B yuan of benchmark bonds

China Development Bank is planning to issue up to 9 billion yuan of benchmark bonds in two tranches.

The policy lender said May 16 that it would issue up to 5 billion yuan of five-year bonds with a coupon of 4.69% and up to 4 billion yuan of seven-year bonds with a coupon of 4.73%.

The bonds will be issued May 21 and listed on China's interbank bond market May 23.

As of May 16, US$1 was equivalent to 6.37 Chinese yuan.