PBOC: The fifth phase of CBS operation will be carried out

The People’s Bank of China: In order to improve the market liquidity of bank perpetual bonds and support banks to issue perpetual bonds to replenish capital, the People’s Bank of China will launch the fifth central bank bill swap (CBS) operation in 2023 on May 29, 2023 (Monday) . The operation volume of this period is 5 billion yuan, and the period is 3 months. The fixed-rate quantity bidding is conducted for primary traders in the open market business. The fee rate is 0.10%. The first settlement date is May 29, 2023, and the due date August 29, 2023 (postponed in case of holidays).