World Bank Issues First Phase Denominated Bonds in China
Recently, the World Bank (International Bank for Reconstruction and Development) first phase SDR denominated bonds were successfully issued after bookkeeping and filing procedure via the “National Association of Financial Market Institutional Investors Comprehensive Business and Information Service Platform” at China Financial Futures Exchange (CFFEX), a subsidiary of China Beijing Equity Exchange (CBEX). The amount issued was 500 million SDR with a time limit of 3 years, and settlement currency being CNY. This issuance attracted offers to buy from mainland banking, securities, insurance investors as well as up to 50 institutions including currency authorities, international development institutions. Times of subscription: 2.47.
(Contributed by China Beijing Equity Exchange)