The story appears on

Page A8

September 8, 2012

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeBusinessFinance

Notes sale

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.

 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend