CDB landmark bonds deepen CNH market

The offering of Rmb4.5 billion was met with strong investor interest and was overall 1.22 times covered.
The issue from CDB, the country’s policy bank, is rated Aa3 by Moody’s and AA- by S&P.
The issue from CDB, the country’s policy bank, is rated Aa3 by Moody’s and AA- by S&P.
November 07, 2013

China Development Bank has priced a Rmb4.5 billion three-tranche Reg S senior unsecured bond offering, setting a benchmark for upcoming CNH notes.

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