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China Development Bank To Issue 20-Year Bonds

  • Wednesday 2010-03-10  16:23

China Development Bank plans to issue 20 billion yuan worth of 20-year bonds on March 10 in what will be the fifth phase of its bonds issue in 2010, reports China Securities Journal.

According to an unnamed analyst, the coupon rate may be fixed at 4.50 percent, which is at the bottom of an indicative range of between 4.50 percent to 4.80 percent.

Separately, it was reported that treasury bonds issued on February 26 were 2.13 times oversubscribed.


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