China Development Bank today issued three tranches of bonds, including 1-year, 3-year, and 10-year maturities. The 1-year bond had a scale of 8 billion yuan, with an issuance rate of 1.3324%, below the expected 1.3500%; the 3-year bond had a scale of 7 billion yuan, with an issuance rate of 1.4000%, below the expected 1.4100%; and the 10-year bond had a scale of 23 billion yuan, with an issuance rate of 1.6302%, below the expected 1.6400%. The bid-to-cover ratios for all three tranches ranged from 2.97x to 4.90x.