China Development Bank pushes tenor in dim sum market

Another day, another milestone in the dim sum bond market as CDB prices a Rmb1.5 billion 15-year deal.

China Development Bank pushes tenor in dim sum market

Chinese policy bank China Development Bank CDB established a new 15-year benchmark in the offshore renminbi bond market on Thursday night, when it priced a Rmb1.5 billion $237 million bond.

The guidance was issued at 4.2% to 4.3% and the bonds priced at the tight end at 4.2%. The bonds were issued at par. Barclays Bank and Citigroup were joint global coordinators and bookrunners. HSBC, Deutsche Bank, Standard Chartered and Royal Bank of Scotland...

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