ICBC will issue the sixth OTC CDB bond to personal and non-financial institution customers from October 28 to November 3 (excluding weekends). The CDB 22nd Financial Bond in 2015 to be issued this time is a one-year fixed-rate bond. The coupon rate is 2.49%. Customers can subscribe the bond via ICBC's e-banking channels and outlets. The e-banking channels are available around the clock during the issuance period (excluding weekends).

According to an official of ICBC, ICBC is the only commercial bank in the market providing 24-hour non-stop OTC bond issue service and that it has issued five OTC CDB bonds in February, April, May, July and August since 2015. During the insurance period of this OTC CDB bond, customers can subscribe the bond via e-banking channels and outlets during business hours and via Internet banking and mobile banking after 4:30 p.m. and before the outlets open for business on the next day. The OTC CDB bond will be available for trading in the market after the insurance period. Customers can trade the bond via ICBC's e-banking channels and outlets during business hours and the funds are settled in real time.

Experts pointed out that OTC CDB bond is relatively secure with high credit rating. The threshold amount and minimum increase unit are both RMB 100. The bond can effectively meet the public's investment demand for secure and transparent bond products that generate moderate returns. The normalized issue of OTC CDB bond indicates that the OTC bond market of commercial banks is playing an increasingly important role in bond distribution channels and that it carries profound implications on expanding the issuer's financing channels, reducing financing cost and building a multi-tier bond market system.

As the depository institution for this OTC CDB bond and the depository institution for OTC book-entry treasury bonds and all the innovative bonds issued so far, China Securities Depository & Clearing Corporation Limited has strongly backed banks and issuers to launch innovative OTC bonds in recent years, providing significant support to accelerate the development of OTC bonds.