China Dev Bank 10 year bond at middle of f'cast

SHANGHAI: China Development Bank auctioned 15 billion yuan ($2.3 billion) of 10 year fixed-rate bonds in the interbank market on Wednesday at a yield of 4.5005 percent, traders said, around the middle of market expectations.

Market forecasts had centred around 4.48 percent and ranged from 4.43 to 4.55 percent.

CDB also auctioned 20 billion yuan of 10-year floating rate bonds at a yield of 3.7413 percent and an auction price of 99.75 yuan.