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China Dev. Bank to float RMB30 bln 1Y, 3Y, 5Y, 7Y, 10Y bonds Apr. 21

BEIJING
2015-04-17 17:06

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China Development Bank will float 30 billion yuan of 1-year, 3-year, 5-year, 7-year and 10-year fixed-rate bonds on April 21.

The bank plans to raise four billion yuan, six billion yuan, six billion yuan, five billion yuan and nine billion yuan via the five products by then.

It said proceeds from the bond issues would be used to support shantytown area reconstruction and urban infrastructure construction programs.

By the end of this year, bonds issued by the ex-policy lender can enjoy zero risk weighting until maturity.

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