CDB lights up HK dollar market with rare triple-trancher

Hong Kong Fotolia
By Addison Gong
18 Jan 2019

China Development Bank has made a rare visit to the public Hong Kong dollar bond market, raising HK$4.3bn ($548m) from a triple-tranche floating rate transaction that included a 10 times covered decade-long note.

Bookbuilding for CDB Hong Kong branch’s transaction started from the 70bp over three months Hibor area for a three year FRN, and at the 80bp over area for a five year. A 10 year floater was also opened on the back of reverse enquiry, in line with the ...

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