Apr. 13, 2012 (China Knowledge) - China Development Bank or CDB, one of the three policy banks in the country, announced that it plans to auction five tranches of fixed-rate bonds worth a total of RMB 30 billion on Apr. 17.
The lender said that it will float RMB 6 billion one-year bonds, RMB 6 billion three-year bonds, RMB 6 billion five-year bonds, RMB 6 billion seven-year bonds and RMB 6 billion ten-year bonds.
Payment due date and value date of the five bonds will be Apr. 23 and the bonds tradable on Apr. 27.
Interest of the bonds will be paid annually.
CDB is the country's second-largest bond issuer after the Ministry of Finance