Result of the tenders of RMB Sovereign Bonds held on 20 May 2015

Tender Result

Tender Date                    :  20 May 2015

Bonds available for Tender     :  3-year RMB Bonds

Issue Number                   :  BCMKFB15036

Issue Date                     :  21 May 2015

Maturity Date                  :  21 May 2018 (or the closest coupon payment date)

Application Amount             :  RMB 17,039 million

Issue Amount                   :  RMB 5,000 million

Average accepted Coupon Rate   :   2.62 %

Highest accepted Coupon Rate
(Bonds’ Coupon)                :   2.80 %

Lowest accepted Coupon Rate    :   1.00 %

Allocation Ratio               :  Approximately 44.91 %

Tender Date                    :  20 May 2015

Bonds available for Tender     :  5-year RMB Bonds

Issue Number                   :  BCMKFB15037

 Issue Date                    :  21 May 2015

Maturity Date                  :  21 May 2020 (or the closest coupon payment date)

Application Amount             :  RMB 9,526 million

Issue Amount                   :  RMB 3,000 million

Average accepted Coupon Rate   :   2.80 %

Highest accepted Coupon Rate
(Bonds’ Coupon)                :   3.00 %

Lowest accepted Coupon Rate    :   1.00 %

Allocation Ratio               :  Approximately 64.80 %

Tender Date                    :  20 May 2015

Bonds available for Tender     :  7-year RMB Bonds

Issue Number                   :  BCMKFB15038

Issue Date                     :  21 May 2015

 Maturity Date                 :  21 May 2022 (or the closest coupon payment date)

Application Amount             :  RMB 3,698.5 million

Issue Amount                   :  RMB 1,500 million

Average accepted Coupon Rate   :   3.18 %

Highest accepted Coupon Rate
(Bonds’ Coupon)                :   3.36 %

Lowest accepted Coupon Rate    :   1.00 %

Allocation Ratio               :  Approximately 2.00 %

Tender Date                    :  20 May 2015

Bonds available for Tender     :  10-year RMB Bonds

Issue Number                   :  BCMKFB15039

Issue Date                     :  21 May 2015

Maturity Date                  :  21 May 2025 (or the closest coupon payment date)

Application Amount             :  RMB 3,219.5 million

Issue Amount                   :  RMB 1,500 million

Average accepted Coupon Rate   :   3.15 %

Highest accepted Coupon Rate
(Bonds’ Coupon)                :   3.39 %

Lowest accepted Coupon Rate    :   1.00 %

Allocation Ratio               :  Approximately 30.39 %

Tender Date                    :  20 May 2015

Bonds available for Tender     :  15-year RMB Bonds

Issue Number                   :  BCMKFB15040

Issue Date                     :  21 May 2015

Maturity Date                  :  21 May 2030 (or the closest coupon payment date)

Application Amount             :  RMB 1,719.5 million

Issue Amount                   :  RMB 500 million

Average accepted Coupon Rate   :   3.47 %

Highest accepted Coupon Rate
(Bonds’ Coupon)                :   3.60 %

 Lowest accepted Coupon Rate   :   1.00 %

Allocation Ratio               :  Approximately 91.46 %

Tender Date                    :  20 May 2015
  
Bonds available for Tender     :  30-year RMB Bonds
  
Issue Number                   :  BCMKFB15041
  
Issue Date                     :  21 May 2015
  
Maturity Date                  :  21 May 2045 (or the closest coupon payment date)
  
Application Amount             :  RMB 1,114 million
  
Issue Amount                   :  RMB 500 million
  
Average accepted Coupon Rate   :   3.97 %
  
Highest accepted Coupon Rate
(Bonds’ Coupon)                :   4.10 %
  
Lowest accepted Coupon Rate    :   3.90 %
  
Allocation Ratio               :  Approximately 24.26 %