CDB ends six-year dim sum hiatus with chunky deal

Renminbi_RMB_PBoC_575px_Adobe_29May20
By Addison Gong
20 Nov 2020

China Development Bank returned to the offshore renminbi bond (CNH) market after six years with the largest print in the currency for 2020.

The deal marked CDB’s long-awaited return to the dim sum bond market since 2014. It sold three deals that year and raised Rmb3.5bn ($532m) in total, GlobalCapital China data shows.

With its Thursday return, the A1/A rated state-owned development bank pulled in Rmb6.5bn from the dual-tranche transaction, ...

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