Result of the tenders of RMB Sovereign Bonds held on 23 July 2020

Tender Result

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

:

23 July 2020

:

2-year RMB Bonds

:

BCMKFB20006

:

27 July 2020

:

27 July 2022 (or the closest coupon payment date)

:

RMB 16,914 million

:

RMB 4,000 million

:

2.02 %

:

2.10 %

:

1.79 %

:

Approximately 61.48 %

Tender Result

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

:

23 July 2020

:

5-year RMB Bonds

:

BCMKFB20007

:

27 July 2020

:

27 July 2025 (or the closest coupon payment date)

:

RMB 8,079 million

:

RMB 1,000 million

:

1.74 %

:

2.20 %

:

0.10 %

:

Approximately 81.21 %