China Development Bank hires six banks for bond offering

By Reshmi Basu

New York, July 9- China Development Bank has hired Goldman Sachs, Merrill Lynch and Morgan Stanley to run its dollar-denominated bond offering, according to a market source.

The state-run bank has mandated BNP Paribas, HSBC Holdings plc and UBS AG for its euro-denominated bonds,

China Development Bank (CDB) plans to offer a $500 million dollar-denominated tranche and a €500 million euro-denominated tranche.

Pricing is expected in September.

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