China Cinda Asset Management increases MTN program to $10 billion

By Marisa Wong

Morgantown, W.Va., Jan. 26 – China Cinda Asset Management Co., Ltd. said it increased the limit of its medium-term note program to $10 billion from $3 billion.

Bank of China, Morgan Stanley, ICBC, Deutsche Bank, Agricultural Bank of China, ANZ, China Construction Bank, Bank of Communications, CLSA Securities and Cinda International are arrangers and, along with BNP Paribas, Wing Lung Bank, Standard Chartered Bank, Shanghai Pudong Development Bank, Hong Kong Branch, DBS Bank, China Minsheng Banking Corp., Hong Kong Branch, Wells Fargo Securities, China Merchants Securities (HK), China International Capital Corp., China Everbright Bank Hong Kong Branch and Haitong International, dealers for the multicurrency program.

Proceeds will be used for working capital, investment and other general corporate purposes.

Listing of the updated program on the Stock Exchange of Hong Kong Ltd. will become effective Jan. 29.

Based in Beijing, China Cinda provides asset management, consulting, investment, financial and risk management services to individuals and businesses.

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