China Development Bank announced on Thursday that it planned to issue five batches of bonds on July 7.
The five batches of bonds bear a maturity of 1 year, 3 years, 5 years, 7 years and 10 years, with the offering scale at 4 billion yuan, 4 billion yuan, 4 billion yuan, 3 billion yuan and 5 billion yuan respectively.
These are the additional issue of the 10th, 12th, 13th and 15th batches of bonds offered by the bank in 2015 and the fresh issue of the 16th one. The additionally-issued bonds will be combined with the original ones to go into circulation. The money raised will be used to support shantytown restoration and urban infrastructure construction.
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