Tender Announcement on Central Bank Bills Swap (CBS) Operation No.9 [2022]
To improve the liquidity of perpetual bonds issued by banks and support them to replenish capital through perpetual bond issuance, the People’s Bank of China (PBC) is scheduled to conduct the ninth Central Bank Bills Swap (CBS) operation in 2022 on September 29 (Thursday). The scheduled tender operation is RMB5 billion with a term of three months. It is open to primary dealers of open market operations for quantity-bidding at a fixed rate of 0.1%. The initial settlement date is September 29, 2022 and the maturity date is December 29, 2022 (postponed in the case of public holidays).
The central bank bills swapped out of this operation are titled “Set IX of Central Bank Bills 2022 (Swap)” (Bond Code: 2201009S) with a combined face value of RMB5 billion, a coupon rate of 2.35%, and a term of three months. The value date is September 29, 2022 and the maturity date is December 29, 2022 (postponed in the case of public holidays).
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