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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 will issue 23 billion yuan of benchmark bonds in three tranches.

The policy bank said June 7 that it will issue 7 billion yuan of five-year bonds with a coupon of 4.69%, 4 billion yuan of seven-year bonds with a coupon of 4.73% and 12 billion yuan of 10-year bonds with a coupon of 4.88%. The bonds bear fixed interest rates.

The bonds will be issued June 14 and will be listed on China's interbank bond market June 19.

As of June 6, US$1 was equivalent to 6.39 Chinese yuan.