China Development Bank top stories

• Maybank returns for bigger Panda

  

  Maybank plans to return to the Chinese debt market on Wednesday with a Rmb2bn ($289m) Panda bond offering after a two-year hiatus. This time around, the Malaysian lender has roped in a policy bank as the trade’s lead underwriter.

  • 18 Jun 2019

• CDBL scores tight price for $700m bond

  China Development Bank Financial Leasing Co (CDBL) has raised $700m from the bond market, leaning on anchor orders to squeeze a tight final price.

  • 05 Mar 2019

• CDB lights up HK dollar market with rare triple-trancher

  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.

  • 18 Jan 2019

• HK Airlines faces doubts over servicing looming maturity

  Hong Kong Airlines is set to provide the year’s first test case of the strength of the Asian debt market as investors lose faith in the carrier’s ability to repay a $550m bond due in just over two weeks.

  • 07 Jan 2019

• CDB keeps market engaged with dual-currency outing

  Policy lender China Development Bank printed a dual-currency, three-tranche transaction on Tuesday, raising $2.4bn-equivalent. While it paid just a couple of basis points of new issue premium for the dollar bonds amid a short-lived market rally, demand for the euro portion exceeded expectations.

  • 05 Dec 2018

• Beijing Enterprises Clean Energy to issue its first green Panda

  Government-backed energy firm Beijing Enterprises Clean Energy (BECE) is marketing its first Panda, a Rmb1.2bn ($173m) renewable corporate bond, as a green bond.

  • 22 Nov 2018

• CDB Aviation joins Chinese leasing peers for bond

  China Development Bank Financial Leasing Co (CDB Leasing) raised $400m through its aviation leasing arm on Thursday, paying around 10bp of new issue premium for a three year floating rate note.

  • 09 Nov 2018

• Shenzhen International dreams bigger with second Panda

  Shenzhen International Holdings is set to issue its second Panda bond, seeking an ambitious Rmb4.7bn ($678m). Regular issuer GLP is also planning a comeback.

  • 08 Nov 2018

• Demand for Chinese floating notes wanes

  Lukewarm demand for recent floating rate notes, and their underperformance in the secondary market, has raised a key question for Asian issuers: are investors falling out of love with dollar floaters? Morgan Davis finds out.

  • 12 Jul 2018

• Heavy bond supply proves costly for CDB Leasing

  China Development Bank Financial Leasing Co (CDB Leasing) sealed an opportunistic $100m tap on Monday. But like other borrowers that came to the market on the same day, paying a new issue premium was inevitable because of a weak backdrop and heavy expected supply.

  • 06 Mar 2018