China Development Bank (CDB) will invite bids for overall 22 billion yuan of additional issues for its 16th, 17th, 18th, 19th and 20th batches of fixed-rate bonds on October 13.
CDB planned to raise three billion yuan, three billion yuan, four billion yuan, four billion yuan and eight billion yuan via the five products respectively 1-year, 3-year, 5-year, 7-year and 10-year maturity.
CDB said the proceeds from these issues would be used to finance shanty town area rebuilding and urban infrastructure construction projects. CDB is an ex-Chinese policy lender and all of its bonds were allowed to enjoy zero risk weighting until maturity.
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