April 5, 2012 / 3:12 AM / in 6 years

China Dev Bank 1-year bill yield at 3.46 percent

SHANGHAI, April 5 (Reuters) - China Development Bank auctioned 15 billion yuan ($2.38 billion) of one-year fixed-rate bills in the interbank market on Thursday at a yield of 3.46 percent, traders said.

The result was below the indicative secondary market yield of 3.5614 percent for one-year financial bonds issued by policy banks on March 30, the last trading day before a public holiday that ran from Monday to Wednesday. ($1 = 6.2980 Chinese yuan) (Reporting by Yixin Chen and Jason Subler)

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