Result of the tenders of RMB Sovereign Bonds held on 27 November 2019

Tender Result

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

:

27 November 2019

:

2-year RMB Bonds

:

BCMKFB19023 (Re-open)

:

29 November 2019

:

24 June 2021 (or the closest coupon payment date)

:

2.95 %

Application Amount

:

RMB 12,580 million

:

RMB 3,500 million

:

100.49

:

100.34

:

100.77

:

Approximately 64 %

Tender Result

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:

27 November 2019

:

5-year RMB Bonds

:

BCMKFB19024 (Re-open)

:

29 November 2019

:

24 June 2024 (or the closest coupon payment date)

:

3.03 %

Application Amount

:

RMB 7,199.5 million

:

RMB 1,500 million

:

101.39

:

100.98

:

102.94

:

Approximately 17.76 %