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China Dev. Bank to issue RMB 23bln 5 batches of bonds Sept. 15

2015-09-10 19:30

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China Development Bank announced on Thursday that it planned to issue five batches of bonds on September 15.

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 3 billion yuan, 3 billion yuan, 4 billion yuan, 4 billion yuan and 9 billion yuan respectively.

These are the additional issue of the 13th, 15th, 16th, 17th and 18th 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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