China Development Bank (CDB) would issue overall 20 billion yuan worth 4-tranche fixed-rate bonds, namely 10- , 5- , 1-year and 7-year bonds, on July 21.
According to the CDB, these batches of the financial bonds are the sequel for the 10th, 13th, 15th and 16th batches offered by the bank this year, with the auction amounts standing at 6 billion yuan, 5 billion yuan, 4 billion yuan and 5 billion yuan, respectively. Dutch bidding will be adopted as the tender mode for these bond offerings.
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