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China Development Bank 5-year bond yield at 4.33 pc

SHANGHAI : China Development Bank auctioned 20 billion yuan ($3.1 billion) of five-year fixed-rate bonds in the interban
Published June 30, 2011 Updated June 30, 2011 08:38am
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By Syed Murtaza Gheblehzadeh
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china-bondSHANGHAI: China Development Bank auctioned 20 billion yuan ($3.1 billion) of five-year fixed-rate bonds in the interbank market on Thursday at a yield of 4.33 percent, traders said, within market expectations.

Market forecasts had centred around 4.34 percent and ranged from 4.30 to 4.40 percent.

Copyright Reuters, 2011

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