CDB Auctions $2.3B Fixed-Rate Bills

China Development Bank has sold $2.3 billion of one year fixed-rate bills in the interbank market.

China Development Bank (CDB) has sold $2.3 billion of one year fixed-rate bills in the interbank market, Reuters reports. The securities carry a yield of 4.10%.

In addition, the Chinese lender also auctioned $3 billion of fixed-rate bonds. The notes carry a yield of 4.39% and are scheduled to mature in 2016.

Click here for the story from Reuters.