China Development Bank announced on Thursday that it planned to issue five batches of bonds on November 3. 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, 4 billion yuan, 4 billion yuan, 3 billion yuan and 10 billion yuan respectively.
These are the additional issue of the 18th, 20th, 21st, 22nd and 23rd 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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