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CDB Issues 15-billion-yuan Financial Bonds
China Development Bank (CDB) has launched two issues of financial bonds worth 15 billion yuan through bidding.
The fifth and sixth issues of bonds by CDB this year are 10 billion yuan long-term floating rate bonds and 5 billion yuan two- year bonds.
The issuance has attracted many bidders, with bidders for the fifth and sixth bond issues hitting 41 and 38 respectively.
China Construction Bank was the major underwriter for the fifth issue, accounting for 22 percent of the total, and the Bank of Shanghai ranked first among underwriters for the sixth issue, accounting for 30 percent of the total, according to the CDB.
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