CDB bonds oversubscribed

China Development Bank sold US$600 million in 10-year bonds and another �325 million in five-year bonds, with both tranches ending up oversubscribed despite being priced up or near the high end of their indicative range. The US-dollar denominated tranche was priced at 98.152 with a coupon of 4.75% to providing a yield to maturity of 4.987%. The euro tranche, maturing in April 2010, carries a coupon of 3.875% and was priced at 99.974 to give a yield to maturity of 3.884%