A citizen arranges Chinese currency Renminbi (RMB) and U. S. dollars in Qionghai, south China's Hainan Province, Aug. 11, 2015.
BEIJING, July 6 (Xinhua) -- China Development Bank (CDB) will issue the first batch of U.S. dollar-denominated bonds on the country's interbank bond market on Wednesday, reported Xinhua Finance on Tuesday.
CDB said to issue 500 million U.S. dollars or more of the 6-month bond product, which, as institutions held, conveyed signals of Chinese central bank's determination to stabilize the exchange rate of yuan, the Chinese currency.
In 2021, regular issuance of domestic U.S. dollar bonds was resumed in China and CDB sold after a 6-year long hiatus, two billion U.S. dollars bonds at a yield of 0.38 percent on June 3 last year. Later in the following month, the Export-Import Bank of China issued a total of two billion U.S. dollar-denominated bonds.
Analysts with China International Capital Corporation (CICC) believed that U.S. dollar-denominated bond issuance by financial institutions on China's bond market would provide investors with investable foreign currency assets of high quality at home and enrich their tools kit to allocate foreign currency assets. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
