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Home >> Business
UPDATED: 16:54, October 08, 2005
China Development Bank issues $ 1 billion global bonds
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China Development Bank recently issued 1 billion US dollars' bonds in New York. Analysts point out the successful issuance of the bonds shows international capital market's confidence in China's social and economic development and recognition of China Development Bank's performance.

With coupon rate of 5 percent, the 10-year bond has caused heated response from institutional investors in the US, Asia and Europe. The subscription has reached 6.3 times of bonds issued.

By People's Daily Online


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