China Development Bank announced on Thursday that it planned to issue five batches of bonds on November 10.
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 8 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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