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China Development Bank launches multi-tranche renminbi notes due in two, five, 15 years
By Christine Van Dusen
Atlanta, Nov. 6 - China Development Bank launched a multi-tranche offering of renminbi-denominated notes due in two, five and 15 years, a market source said.
The benchmark-sized and two-year floating-rate notes launched at a spread of Hibor plus 20 basis points via Standard Chartered Bank, Bank of Communications, Bank of China, CCB International and HSBC.
The benchmark-sized five-year notes launched at 3.6% with bookrunners HSBC, Bank of China, ABC International, ICBC, ICBC International and Standard Chartered Bank.
The benchmark-sized 15-year notes launched at 4½% with Barclays, Bank of China, Bank of Communications, HSBC and Standard Chartered Bank.
The Regulation S deal could price as soon as Wednesday.
China Development Bank is a financial institution based in Beijing.
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