China Development Bank will reopen four financial bonds on July 14, 2026, with a total offering amount of no more than RMB 51 billion.
The reopening includes issue numbers 260201 (1-year fixed), 260214 (3-year floating), 260203 (5-year fixed), and 260210 (10-year fixed). The 1-year fixed-rate bond carries a coupon of 1.51%, with a maximum offering of RMB 9 billion, dated March 2, 2026, and maturing on March 2, 2027.
The 3-year floating-rate bond is based on the one-year Loan Prime Rate plus a spread of 0.20%, pays quarterly, has a maximum offering of RMB 7 billion, dated January 6, 2026, and matures on January 6, 2029. The 5-year fixed-rate bond has a coupon of 1.69%, a maximum offering of RMB 14 billion, dated March 11, 2026, and matures on March 11, 2031. The 10-year fixed-rate bond has a coupon of 1.75%, a maximum offering of RMB 21 billion, dated July 8, 2026, and matures on July 8, 2036.
All bonds will be tendered via Dutch-style price auction from 9:30 a.m. to 10:30 a.m., with settlement on July 15 and listing on July 16. They will be issued in China's interbank bond market, cleared by China Central Depository & Clearing Co., Ltd, and are exempt from rating for CIBM issuance.
The reopening is part of CDB's benchmark bond issuance programme.