The China Development Bank issued multiple bond tranches, including a 1-year issue of 6 billion yuan at a rate of 1.3111%, a 3-year issue of 2 billion yuan at 1.4022%, a 5-year issue of 8 billion yuan at 1.5981%, and a 10-year issue of 14 billion yuan at 1.8374%. The bid multiples for each tranche were 4.01, 4.24, 4.47, and 3.81 respectively, with marginal multiples of 1.24, 3.71, 6.94, and 5.07
The China Development Bank issued a 1-year bond with a size of 6 billion yuan, an issuance rate of 1.3111% (expected 1.3000%), a bid multiple of 4.01, and a marginal multiple of 1.24; The China Development Bank issued a 3-year bond with a size of 2 billion yuan, an issuance rate of 1.4022% (expected 1.4100%), a bid multiple of 4.24, and a marginal multiple of 3.71; The China Development Bank issued a 5-year bond with a size of 8 billion yuan, an issuance rate of 1.5981% (expected 1.6000%), a bid multiple of 4.47, and a marginal multiple of 6.94; The China Development Bank issued a 10-year bond with a size of 14 billion yuan, an issuance rate of 1.8374% (expected 1.8500%), a bid multiple of 3.81, and a marginal multiple of 5.07.