China Development Bank to issue yuan bond in Hong Kong

HSBC and Bank of China are reportedly mandated on the deal. Meanwhile, Kia Motors, MISC and China Glass attempt to price in rocky markets.

China Development Bank CDB is set to issue the first yuan-denominated bond in history in the Hong Kong market, after a recent rule change by the PeopleƆs Bank of China allows financial institutions to issue bonds in the interbank market.

Meanwhile, Kia Motors, MISC Bhd and China Glass are also in the market, attempting to price their fixed-income deals at a time of unusual market movement.

HSBC and Bank of China are reportedly mandated on the CDB deal. The two-year...

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