On October 26, China Development Bank (CDB) placed its additional issue of 1-year-term and 3-year-term financial bonds on SZSE in the method of fixed price offer for the first time. The issue prices of the two bonds are 101.85 yuan and 101.14 yuan respectively, with the respective yield rates of 3.41% and 4.30%. The final actual bidding volumes are 7.87 billion yuan and 950 million yuan respectively, totaling 8.82 billion yuan. Among them, the underwriting group of securities trades bid for 7.02 billion yuan, account for about 80% of the total. The issue will be CDB’s drawing issue trial in the domestic bond market.
The fixed price offer is CDB’s initial exploration in the exchange bond market. SZSE has cooperated with CDB in trying diversified issue approaches in the exchange bond market to further balance financial bond investors’ needs on yield rate and demand volume in the inter-bank market and the exchange market, endeavoring to provide the financial bond investors in exchange market with a more reasonable pricing reference.
Under the leadership of CSRC, SZSE keeps being committed to building a full-function, safe and reliable bond bidding and issue system. Moreover, SZSE has widely supported the diversified ways of issue of policy financial bonds and other bonds of high credit rating on SZSE, vigorously optimized the product structure in exchange bond market and focused on improving the liquidity thereof, which are all to further propel the stable sound development of the bond market.
