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China Development Bank sets talk for renminbi notes due in three, five, 10 years; pricing Friday
By Christine Van Dusen
Atlanta, Sept. 12 – China Development Bank set talk for a three-tranche offering of renminbi-denominated notes due in three, five and 10 years that is expected to price on Friday, a market source said.
The three-year notes were talked at a yield of 3.35%.
The five-year notes were talked at 3.6%.
The 10-year notes were talked at 4.35%.
Bank of China, CCB International, Bocom, HSBC, Standard Chartered Bank and BNP Paribas are the bookrunners for the Regulation S deal.
China Development Bank is a financial institution based in Beijing.
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