Article source
CNBC
Article date
Sun, Aug 21, 2016
* World Bank set to issue $700 mln in IMF SDR bonds in China
* Traders unexcited by prospect of coupon rate below 1 pct
* Major state banks seen ensuring auction is successful
* Issue will be first SDR bond created since 1981
BEIJING/SHANGHAI, Aug 22 (Reuters) - Plans by the World Bank to sell special drawing right (SDR) bonds in China are facing market headwinds thanks to expectations of low yields, investors said, although state-owned banks will likely take up any slack in demand. Read more