CDB dim sum bond

China Development Bank kicks off dim sum bonds

China's policy bank plans to issue a multi-tranche dim sum bond to raise up to Rmb6 billion including a 15-year bond. Will investors bite?
<div style="text-align: left;"> A 2011 dim sum ad focusing on the "taking off" metaphor </div>
<div style="text-align: left;"> A 2011 dim sum ad focusing on the "taking off" metaphor </div>
January 10, 2012

Asia’s dollar bond market got off to a roaring start last week, and the dim sum market is now following suit. China Development Bank (CDB) is in the market this week with a multi-tranche offshore renminbi bond to raise up to Rmb6 billion ($949 million), according to market sources.

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