China Development Bank Corp. plans to raise 18 billion yuan by increasing the sizes of its five existing bonds, the bank said Dec. 8.

It plans to raise 3 billion yuan from its three-year 2.65% bond in the 15th tranche, 3 billion yuan from its five-year 3.43% bond in the 18th tranche, 3 billion yuan from its seven-year 3.24% bond in the 7th tranche, 6 billion yuan from its 10-year 3.05% bond in the 13th tranche and 3 billion yuan in the 20-year 3.80% bond in the 5th tranche.

As of Dec. 9, US$1 was equivalent to 6.90 Chinese yuan.