BONDS: CDB To Reopen 10-year Floater For CNY23.38bn.
State policy bank China Development Bank (CDB) will reopen its 10-year floater due February 25 2020 for Rmb23.38bn (US$3.34bn) on March 23. The Rmb36.62bn original deal pays a coupon of 59bp over the one-year deposit rate, equivalent to 2.84% for the current interest rate period, which was quoted at 60bp over in the secondary market.
This content is for Subscribers only
To access full IFRAsia.com story content you must be a subscriber. However, if you are not a subscriber and would like trial access to IFRAsia.com, please register here.