129788454881562500_146Try country beginning "with selling release" five bonds
On April 12, said the State Development Bank, will be issued on 17th tender not exceeding a total of $ 30 billion in fixed income financial debt, include one year, three years, five years, five varieties of the seven-year and 10-year periods
tera power leveling, each period amount not exceeding $ 6 billion. Announcement, after the tender, the country will be every other week to issue the first of all varieties, usually for up to three monthsFor a cycle, each time the circulation of each variety to adjust depending on the market situation, each variety to raise about 30 billion to 40 billion yuan. "Issue five, and contains all key deadlines, CDB is the selling of foreign release, is an innovation. "Stock traders said. Selling release (Tap Issue) as "tap (tAP) "drop of water
tera power leveling, usually refers to a bond to staging the continuous release of additional. First release can be used for coupon for competitive bidding, when bond coupon rates established, continuous for a period in the future when you can use price and quantity for the mixed-the subject of the tender, by price or rate of return may be used by the issuer bid number bid. NowBond sold mainly in the United States, Britain and the Nordic policy Bank and the issuance of government bonds. "With the selling approach is to keep the issue of continuity issue with considerable flexibility, objectively, relieve pressure on bond funds on a one-off release on the market, and the bond price or yield is market fluctuation, also eased investors on market interest rates of windInsurance concerns. "According to one person close to CDB.
Notice also points out that, the 17th issue of notes contracting fee calculated according to the subscription of bonds face value, one-year contract fee-free
tera gold, 0.05% three-year, five-year, seven-year-0.1%, 10-year 0.15%; no payment handling fee. In 2011, the CDB RMB bond issuanceNearly $ 1.065 trillion, as of early April 2012, circulation had reached $ 327 billion. "By selling release, can be expanded to a certain degree of bond issuance. In the case of major changes in the market environment, extend the release time can be reduced to a certain extent bond issuance costs. "The person said. At the same time, CDB released short,Medium-and long-term bonds, forming a complete agency debt yield curve. "The basis for pricing not only for secondary market transactions, just as the other varieties of bond pricing reference. In addition, the right to the yield curve can also be included for the formation of debt and other derivatives pricing standards. "The person said. The previous day, CDB reported, reply by the China Banking Regulatory Commission,The line before the end of 2013 issued renminbi bonds in risk weights of zero, until the maturity date, their rating as the same policy financial bonds, the last lines of this debt policy has three years.
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