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Minsheng Banking to Issue CNY2bn NCD

May 22, 2014

BEIJING, May 22, SinoCast -- China Minsheng Banking planned to issue CNY 2 billion 3-month interbank negotiable certificates of deposit (NCD) on May 22, the first time the bank issues NCD after the pilot of NCD in the second half of 2013.

The issuance price will be CNY 98.8292 and the reference yield will be 4.7%.

According to the plan announced recently, the bank will issue a total of CNY 50 billion NCD in the interbank market.

According to statistics, the total size of NCD planned to be issued by each bank in 2014 has reached CNY 1.08 trillion, showing the expansion of NCD pilot has become a reality.

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Source: Sinocast Banking & Credit Beat (China)

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