Cointime update: China Development Bank issued 5 billion yuan of 1-year bonds at a 1.3133% yield, above the 1.2900% expected, with a 2.72x bid-to-cover ratio and 1.22x marginal ratio. It also sold 5 billion yuan of 3-year bonds at 1.3900%, versus 1.3300% expected, with a 2.10x bid-to-cover ratio and 2.50x marginal ratio.
CDB Issues 1-Year and 3-Year Bonds, Raising 10 Billion Yuan
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