China Development Bank announced on Thursday that it planned to issue five batches of bonds on June 2. 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 5 billion yuan, 6 billion yuan, 5 billion yuan, 5 billion yuan and 7 billion yuan respectively.
These are the additional issue of the 7th to 11th 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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