By
The issue comprises 6 billion yuan of one-year bonds paying a coupon of 3.70 percent, 15 billion yuan of three-year bonds paying a coupon of 5.43 percent and 9 billion yuan of five-year bonds paying a coupon of 6.00 percent.
The coupon levels compare with an interest rate of 3.00 percent on China's benchmark one-year fixed yuan bank deposits, 4.50 percent on three-year deposits, 5.00 percent on five-year deposits.
Copyright Reuters, 2011