China Development Bank (CDB) announced on Thursday that it would auction up to 33 billion yuan of 5-tranche bonds, namely 1-, 3-, 5-, 7- and 10-year bonds, on January 12. 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, 6 billion yuan, 6 billion yuan, 6 billion yuan and 11 billion yuan, respectively. Dutch bidding will be adopted for the bond offerings.
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