Result of the tenders of RMB Sovereign Bonds held on 30 November 2017

Tender Result

*********************************************************************

Tender Date

:

30 November 2017

Bonds available for Tender

:

2-year RMB Bonds

Issue Number

:

BCMKFB17025

Issue Date

:

04 December 2017

Maturity Date

:

04 December 2019 (or the closest coupon payment date)

Application Amount

:

RMB 10,649.5 million

Issue Amount

:

RMB 4,000 million

Average accepted Coupon Rate

:

 3.85 %

Highest accepted Coupon Rate

(Bonds’ Coupon)

:

 3.90 %

Lowest accepted Coupon Rate

:

 3.50 %

Allocation Ratio

:

Approximately 58.62 %

Tender Result

*********************************************************************

Tender Date

:

30 November 2017

Bonds available for Tender

:

5-year RMB Bonds

Issue Number

:

BCMKFB17026

Issue Date

:

04 December 2017

Maturity Date

:

04 December 2022 (or the closest coupon payment date)

Application Amount

:

RMB 3,730.5 million

Issue Amount

:

RMB 2,000 million

Average accepted Coupon Rate

:

 3.99 %

Highest accepted Coupon Rate

(Bonds’ Coupon)

:

 4.10 %

Lowest accepted Coupon Rate

:

 3.69 %

Allocation Ratio

:

Approximately 2.92 %