CDB Capital finds success with debut $500m

cdb px230
By Narae Kim
27 Jul 2016

CDB Capital generated close to $4bn in demand for its debut bond on Tuesday, raising $500m. Despite some bankers having said the trade had a weaker structure than its comparable, robust demand from onshore accounts allowed the issuer to price through fair value.

Although it was the issuer’s first international bond, investors had no trouble understanding the credit as it is a wholly-owned subsidiary of China Development Bank Corp.

Established in 2009 with the approval of China’s State Council, CDB Capital plays an important role in supporting companies that are ...

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