Connect with us

Hi, what are you looking for?

Imsilkroad

China Development Bank sells 2 bln U.S. dollar onshore bonds

Abstract : The China Development Bank (CDB), one of the country's policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years.

BEIJING, June 3 (Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years.

The one-year bonds yield a coupon of 0.38 percent, according to a statement posted on the CDB’s website.

It has helped the CDB broaden its foreign-currency financing channels and offers domestic institutions diversified foreign-currency investment products, said the bank.

The bank said it would continuously enrich bond products and actively promote the interconnection and high-quality development of the bond market.

As the Chinese currency renminbi, or the yuan, continues to appreciate rapidly, China’s central bank has vowed to guide expectations to keep the yuan exchange rate basically stable at a reasonable and balanced level, and has urged enterprises and financial institutions to refrain from currency speculation.

On May 31, the People’s Bank of China said it would raise the reserve requirement ratio for foreign currency deposits by 2 percentage points from the current 5 percent to 7 percent, beginning June 15.

The central parity rate of the yuan, weakened 38 pips to 6.3811 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trade System. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Development Bank sells 2 bln U.S. dollar onshore bonds

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...