China Development Bank plans to raise up to 22 billion Chinese yuan from three benchmark bonds.

The bank said Aug. 12 that it will issue up to 6 billion yuan of five-year bonds priced with a coupon of 3.42%, up to 13 billion of 10-year bonds priced with a coupon of 3.65% and 3 billion yuan of two-year bonds priced with a coupon of 2.85%.

The bonds will be issued Aug. 15 and will be listed on China's interbank bond market Aug. 19.

As of Aug. 12, US$1 was equivalent to 7.06 Chinese yuan.