Result of the tenders of RMB Sovereign Bonds held on 25 November 2020

Tender Result

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

:

25 November 2020

:

2-year RMB Bonds

:

BCMKFB20006 (Re-open)

:

27 November 2020

:

27 July 2022 (or the closest coupon payment date)

:

2.10 %

:

RMB 10,597 million

:

RMB 3,500 million

:

99.48

:

99.27

:

100.17

:

Approximately 83.40 %

Tender Result

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

:

25 November 2020

:

5-year RMB Bonds

:

BCMKFB20007 (Re-open)

:

27 November 2020

:

27 July 2025 (or the closest coupon payment date)

:

2.20 %

:

RMB 5,652 million

:

RMB 1,500 million

:

98.90

:

98.03

:

100.85

:

Approximately 31.11 %