China Development Bank is planning to issue up to 11 billion yuan of benchmark bonds in two tranches.
The policy lender said May 28 that it would issue up to 7 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 June 4 and listed on China's interbank bond market June 6.
As of May 28, US$1 was equivalent to 6.40 Chinese yuan.
