China Development Bank top stories

• 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

• BC seals Panda return despite tougher market

  The Province of British Columbia (BC) completed its second Panda bond on Wednesday, raising Rmb1bn ($150.9m) from a three year deal. The issuer went ahead with the deal despite rising yields in China – pushing the coupon to the top half of the guidance range.

  • 23 Nov 2017

• CDB goes green to fund Belt and Road projects

  China Development Bank Corp priced its maiden international green bond on Thursday, raising close to $1.7bn from a dual-currency transaction that will fund Belt and Road related projects. The deal offered diversification not only to the issuer but also to investors.

  • 10 Nov 2017