ICBC will issue the third OTC China Development Bank (CDB) bond this year as an agent to personal and non-financial institutional customers on May 6-8 and May 11. The 2015 CDB financial bond XI is a one-year fixed rate and interest bearing bond with a coupon rate of 3.19%. Customers can subscribe the bond through ICBC's e-banking channels and outlets. E-banking channels are available around the clock during the issuing period (except weekends). ICBC has issued two OTC CDB financial bonds as an agent in February and April 2015.

According to a relevant official with ICBC, during the issuing period, customers may log into ICBC Internet banking, mobile banking, dial telephone banking, or go to the outlet to designate a fund account for bond trading and open a bond custody account, before subscribing the CDB bond. For example, personal Internet banking customers may log into Internet banking, enter "Online bond", click "Subscribe" on the right side of selected bond in "Quotation and Transaction" and then complete the subscription by following the instructions. E-banking channels provided customers with around-the-clock trading service for the first time. During the issuing period, in addition to subscribing the bond through the aforementioned channels during business hours, customers can also subscribe the bond through Internet banking and mobile banking after 16:30 and before the outlets open for business on the next day. ICBC is the only commercial bank that provides around-the-clock service for the subscription of OTC bond. After the issuance, the OTC CDB bond will be circulated on the market and then customers can purchase and sell the bond at any time during the trading hours through ICBC e-banking channels or at ICBC outlets with instant fund settlement.

Industrial experts said that the OTC CDB bond has high credit rating and security with transaction threshold and minimum increment at RMB 100 face value. The bond can effectively meet the public's investment demands for secure, transparent and moderate-yield bond products. The normalized issuance of the OTC CDB bond has reflected the increasingly important role of the commercial bank OTC bond market in the bond distribution channel, which is of great significance to broadening financing channels of issuer, reducing financing costs, and building a multi-layer bond market system.