China-Singapore Jingwei client, June 29, according to the official website of the Central Bank, on June 29, 2020 (Monday), the People's Bank of China will carry out the sixth phase of central bank bill swap (CBS) operation in 2020. The operation volume of this period is 5 billion yuan, and the period is 3 months. A fixed-rate quantity bidding is conducted for the primary market dealers of the open market business, and the rate is 0.10%.
Source: Central Bank's official website
The central bank explained that the current central bank swap is to increase the market liquidity of bank perpetual bonds and support banks to issue perpetual bonds to supplement capital. The operation volume of this period is 5 billion yuan, the period is 3 months, and a fixed rate quantity bidding is conducted for the primary market dealers of the open market business, the rate is 0.10%, and the first settlement date is June 29, 2020, due date It is September 29, 2020 (postponed on holidays).
According to the central bank, the name of the central bank bills swapped out in the current CBS operation is "the sixth central bank bills in 2020 (swap)", the bond code 2001006S, the total face value is 5 billion yuan, the term is 3 months, and the coupon rate is 2.35%.
On January 24, 2019, the central bank issued an announcement saying that it decided to create a central bank bill swap tool so that primary market traders in open market businesses could use perpetual bonds issued by qualified banks to exchange central bank bills from the central bank. At the same time, the bank's perpetual bonds with a rating of not less than AA are included in the scope of qualified collateral for the People's Bank of China's medium-term lending facility (MLF), targeted medium-term lending facility (TMLF), standing lending facility (SLF) and re-loan.
Source: Central Bank's official website
Statistics from the China-Singapore Jingwei client found that as of now, the central bank has carried out central bank bills on January 20, February 28, March 25, April 21, May 26, and June 29, respectively. In the swap operation, the cumulative amount of 6 central bank swaps was 31 billion yuan. (Sino-Singapore Jingwei APP)