CDB entices investors with dollars, euros

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By Morgan Davis
20 Oct 2020

China Development Bank (CDB) raised nearly $3bn from dollar and euro bonds on Monday, appealing to investors due to its rarity in the debt market.

The A1/A+ rated borrower is a relatively rare issuer in the public offshore market. Like its Chinese policy bank peers, CDB generally favours private placements, leaving investors starved for policy bank paper, said a Hong Kong banker on the transaction. That makes a public outing immediately appealing, he ...

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