Note that it likely raised this in 2-3 tranches , not all up front or all at once .

请注意，这可能要通过2-3轮融资，并非所有资金都能预先到位或者一次性到位。

These can 't be anorexic high frequency tranches of funding , but appropriately designed 9-18 month tranching is optimal .

我们无法很频繁地将资金划分为很小的批次，最理想的情况是恰当地把它设计为9-18个月为一个投资批次。

The retail and institutional tranches were more than 500 times and 40 times subscribed respectively .

散户与机构部分的超额认购分别达到500倍和40倍。

The cnooc bond was issued in two tranches with maturities of 10 and 30 years , for instance .

例如，中海油就分两批发行了10年期和30年期债券。

But there are circumstances when automatic access to the tranches may not be beneficial .

但也有一些情况证明，如此自动分期分配财产可能不利。