Date
21 October 2017

CDB gets nod to issue 30 bln yuan bonds, paper says

China Development Bank Corp. has received approval from the People’s Bank of China and the China Securities Regulatory Commission to issue up to 30 billion yuan (US$4.92 billion) worth of bonds on the Shanghai Stock Exchange, the first time a policy lender has been allowed to issue debt on the domestic bourse, China Securities Journal reported Wednesday, without citing any source. The lender is expected to issue the bonds in late November or early December, and the actual amount and tranches will depend on market conditions, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

 

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