China Development Bank top stories

• 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

• CDB’s inaugural green outing open for bids

  Bookrunners on China Development Bank Corp’s debut international green bond have released price guidance for a dual-tranche transaction featuring dollars and euros.

  • 09 Nov 2017

• CDB to debut in green, taps firms for dollar/euro combo

  China Development Bank Corp (CDB) is gearing up for talks with fixed income investors for its inaugural offshore green bond, mandating firms for a dual-currency transaction.

  • 07 Nov 2017