China Development Bank (CDB) announced on Wednesday that it would auction up to 30 billion yuan of 5-tranche bonds, namely 1-, 3-, 5-, 7- and 10-year bonds, on January 5. These batches of bonds are the sequel for the 18th, 20th, 21st, 22nd and 23rd batches offered by the CDB in 2015, with the corresponding auction amounts standing at 4 billion yuan, 5 billion yuan, 5 billion yuan, 7 billion yuan and 9 billion yuan, respectively. Dutch bidding will be adopted for the bond offerings.
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