ICBC will issue OTC CDB (China Development Bank) bond to personal and non-financial institution customers from November 9 to November 11 for the sixth time of the year. The 17th-tranche CDB financial bond in 2016 is a one-year fixed-rate coupon bond with the code of 160217 and coupon rate of 2.35%. Customers can subscribe through ICBC e-banking and outlets. The e-banking service is available for 24 hours every day during the issuance.

According to an official with ICBC, the OTC CDB bond features high credit, good security and low entry threshold. The single bond transaction threshold and minimum increment are both 100 Yuan in face value, which can effectively meet the investment demand of the public for safe, transparent bond products with medium interests. Customers can hold the OTC CDB bonds to maturity to obtain the stable interest income, or trade them at any time during trading hours through ICBC e-banking and outlets. The fund will be cleared real time to meet customers' demand for liquidity. Also, customers can grasp favorable windows of market price fluctuations to gain bid risk spread from bond trade.

Since the first issuance of CDB bonds through commercial bank counters in May 2014, ICBC has conducted issuance of 16 tranches of OTC CDB bonds. The normalized issuance of CDB bonds reflects important role of the OTC bond market of commercial banks in bond distribution, which is of great significance to broaden the financing channels for issuers and build a multi-tiered bond market system.