Banking News
- China Development Bank to issue 5 bln yuan RMB bond in HK
Date: 27-Jun-2007 Sources: (Xinhua Online)
HONG KONG, June 26 (Xinhua) -- China Development Bank announced Tuesday afternoon that it will issue 5 billion yuan (about 657 million U.S. dollars) RMB bond in Hong Kong.
This is the first batch of Chinese currency bond to be launched outside the Chinese mainland. The two-year paper in Hong Kong, with 3 percent annual yielding, will be sold synchronously to institutions and individual investors from June 27 to July 6.
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