China Development Bank (CDB) announced Thursday that it would auction up to 22 billion yuan worth of five-tranche fixed-rate bonds on September 22. The five batches of bond is an additional issue of the 16th-18th and the fresh issue of 19th and 20th batches of bonds planned to be offered by the bank in 2015, including 1-year, 3-year, 5-year, 7-year and 10-year products. The raised funds will be used to support shantytown renovation projects and infrastructure construction.
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