China Development Bank plans to raise 15 billion yuan by issuing benchmark bonds in three tranches.
The policy bank said Nov. 8 that it will issue up to 5 billion yuan each of three-year bonds with a 3.68% coupon, seven-year bonds with a 4.15% coupon and one-year bonds with a coupon of 2.62%. The bonds will be issued Nov. 15.
As of Nov. 7, US$1 was equivalent to 6.92 Chinese yuan.
