(Yicai Global) Feb. 5 -- China Development Bank, the country's policy lender, will tomorrow issue the first bonds whose funds will be specifically used for prevention and control of the new coronavirus.

The bank plans to raise as much as CNY8 billion (USD1.1 billion) through the one-year, fixed-rate notes, the Beijing-based non-commercial lender said yesterday.

An additional CNY5.5 billion of the anti-epidemic-themed bonds and CNY750 million of the 15th issuance of last year's 10-year financial bonds will be issued after the conclusion of the tender. They will be sold through commercial banks to individuals, companies, financial institutions and other investors.

The due date for bond payment is Feb. 12 and the issuance will start on Feb. 14. The coupon rate will be in accordance with the initial issue rate.

Editor: Peter Thomas