Updated: CDB closes Rmb1bn three year dim sum

China Development Bank has priced an Asean-targeted three year dim sum at 3.35%, with investors piling in to benefit from the pick-up over what are seen as expensive dollar credits. GlobalRMB understands that the borrower had considered a smaller deal to get cheaper funding, as tight pricing was its priority. But it chose a benchmark size to ensure a more diverse investor base.