China Development Bank announced on Thursday that it planned to issue four batches of bonds on July 14.
The four batches of bonds bear a maturity of 3 years, 5 years, 7 years and 10 years, with the offering scale at 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 16th batches of bonds offered by the bank in 2015. 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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