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BRI Investment

China Development Bank to issue RMB8 bln yuan special bond for combating epidemic

February 06, 2020


Abstract : China Development Bank (CDB) Tuesday announced that it will issue a special bond for fighting against the novel coronavirus epidemic of no more than 8 billion yuan (about 1.75 billion U.S. dollar) on February 6, 2020.

BEIJING, Feb. 6 (Xinhua) – China Development Bank (CDB) Tuesday announced that it will issue a special bond of no more than 8 billion yuan (about 1.75 billion U.S. dollar) on February 6, 2020 for fighting against the novel coronavirus epidemic.

Approved by the People's Bank of China, the special bond is a 1-year fixed-rate bond with annual interest payment. The payment date of the bonds is February 12, 2020. It will be listed on February 14, and the value date is February 12.

Underwriters of the bonds include the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Bank of Communications, Industrial Bank, Bank of Nanjing, Bank of Ningbo and Shanghai Rural Commercial Bank.

After the completion of the first tender, the bank shall have the right to issue additional bonds to the above-mentioned banks not exceeding 1.5 billion yuan, 3 billion yuan, 500 million yuan, 0.1 billion yuan, 330 million yuan, 100 million yuan, 0.1 million yuan and 0.5 million yuan, respectively.

After the tender and subscription of the underwriters, the bonds shall be distributed to individuals, enterprises, financial institutions and other investors.

(Edited by Yang Qi, [email protected])


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Keyword: bonds

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