Notes sale
Source: Bloomberg News |
September 8, 2012, Saturday
|
Print Edition
Print Edition
CHINA Development Bank has sold 9.27 billion yuan (US$1.46 billion) of asset-backed securities in the country's first such sale since 2008. The nation's largest policy bank offered five tranches of notes, with the lowest-rated AA portion priced to yield 5.68 percent, it said in a statement yesterday. The offer was the largest such sale in China, data from Barclays Plc show. The yield on CDB's lowest-rated tranche of notes compares with a yield of 5.27 percent on AA rated three-year commercial paper and medium-term notes traded in the interbank bond market, according to Chinabond. CDB's top tranche priced at 4.1 percent, it said.
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