China Development Bank

China Development Bank sealed a $1.56bn dual-currency bond on September 29, coming to the market on a day of immense volatility in global stocks. But anchor orders helped save the deal, which saw very little demand from international investors.

China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.

Agricultural Bank of China (ABC) is planning a roadshow in September for the world’s first offshore renminbi green bond that will be part of a multi-tranche deal. The trade scheduled to price ahead of president Xi’s visit to London in October and is one of a number of upcoming Chinese bonds aimed at the UK.

China Development Bank is set to meet investors from September 21 in Europe ahead of issuing bonds in multiple currencies.

Banks are processing approvals for a loan of around $300m to back the purchase of Ciro’s Plaza in Shanghai.

China’s National Development and Reform Commission (NDRC) has finally approved China Development Bank (CDB)’s long-waited Formosa bond issuance in Taiwan. NDRC’s approval of a Rmb5bn ($790m) quota will make CDB the first Chinese bank headquarters to issue in Taiwan’s RMB market.