CDB Capital finds success with debut $500m

Narae Kim

July 27, 2016 09:00 AM

cdb px230 — Chinese walk past a branch office of the China Development Bank in Beijing, China, Tuesday, July 24, 2007. China Development Bank (CDB), a major state-owned policy bank, has signed a purchase agreement and a cooperation memorandum with Barclays Bank to buy ABN Amro Bank, a state news agency reported Monday. Barclays said in a statement earlier that it would team up with CDB and Temasek Holdings Ltd. of Singapore to increase its offer for ABN Amro to US$93.2 billion. (AP Photo) | AP/Press Association Images

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.

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Topics

SSA UBS China China Development Bank Barclays Supras and agencies Asia Bank of Communications Emerging Markets

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Narae Kim