China Development Bank launches $30 billion debt issuance program

By William Gullotti

Buffalo, N.Y., July 7 – China Development Bank via China Development Bank Hong Kong Branch launched a new $30 billion debt issuance program, according to a listing notice with an appended offering circular on Thursday.

HSBC, Standard Chartered Bank and Bank of China (Hong Kong) are arrangers for the program.

They are joined as program dealers by ABC International, Bank of Communications, CCB International, ICBC (Asia) and ICBC International.

The Regulation S program, rated A+ by S&P Global Ratings, became effective on the Stock Exchange of Hong Kong Ltd. on July 6.

The banking and financial services company is based in Hong Kong.

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