China Development Bank (CDB) announced on Thursday that it would auction up to 26 billion yuan of 5-tranche bonds, namely 1-, 3-, 5-, 7- and 10-year bonds, on August 4.
These batches of bonds are the sequel for the 15th, 12th, 13th, 16th and 10th batches offered by the CDB this year, with the corresponding auction amounts standing at 3 billion yuan, 4 billion yuan, 6 billion yuan, 6 billion yuan and 7 billion yuan, respectively. Dutch bidding will be adopted for the bond offerings.
Latest comments