ICBC will issue the second OTC China Development Bank (CDB) bond this year as an agent to personal and non-financial institutional customers on April 1, April 2, and April 7. The 2015 CDB Financial Bond VI is one-year fixed interest and interest-bearing bond with a nominal rate of 3.97%. Customers can subscribe the bond via the Bank’s e-banking channels and outlets. Earlier, the Bank issued the first OTC CDB financial bond as an agent in early February.

According to relevant official of ICBC, during the issuing period, customers can only log into ICBC Internet banking, mobile banking, dial telephone banking, or go to the outlet to designated a capital account for bond trading and open a bond custody account, before subscribing the CDB bond. For example, personal internet banking customers may log onto 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. After the issuance, the OTC CDB bond will be circulated on the market and then the customer can purchase and sell the bond at any time during the trading hours through ICBC e-banking channels or at ICBC outlets with the instant fund settlement.

Industrial experts point out that the OTC CDB bond has high credit rating and security with its 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 issuance of the CDB bond has reflected the increasingly important role of the commercial bank OTC bond market in the bond distribution channel, signaling the OTC CDB bond issuance has been normalized, which is of great significance to broadening financing channels of issuer, reducing financing costs, and building a multilayer bond market system.