Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China Development Bank issues bonds for battle against epidemic

February 07, 2020


Abstract : China Development Bank, one of the country's major policy banks, issued bonds worth 13.5 billion yuan (about 1.93 billion U.S. dollars) Thursday, raising funds to fight the novel coronavirus outbreak.

BEIJING, Feb. 6 (Xinhua) -- China Development Bank, one of the country's major policy banks, issued bonds worth 13.5 billion yuan (about 1.93 billion U.S. dollars) Thursday, raising funds to fight the novel coronavirus outbreak.

With a one-year maturity and a fixed interest rate at 1.65 percent, the bonds were issued through multiple market channels to provide emergency financing for epidemic prevention and control.

Bonds worth 8 billion yuan were issued through the domestic interbank bond market and the Bond Connect program, a market access scheme allowing overseas investors to invest in the Chinese mainland's interbank bond market.

A total of 5.5 billion yuan of bonds were available to be purchased by individual investors via electronic channels.

The bank is prepared to provide further financial support to the epidemic control by issuing more bonds, it said.

Scan the QR code and push it to your mobile phone

Keyword: China Development Bank company amid epidemic

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial