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China Development Bank Triumphantly Launches Dual-Currency USD and EUR Bonds on Global Markets
2 week ago /
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Author：小编
China Development Bank has recently achieved a notable success by issuing dual-currency bonds denominated in USD and EUR on the international market, marking its debut listing on the Dubai Exchange. The EUR-denominated bonds witnessed an overwhelming subscription rate of 15 times, establishing a new benchmark as the highest subscription multiple for a single public offering of Chinese bank bonds. Meanwhile, the USD-denominated bonds were oversubscribed by 3 times, and the issuance spread was the lowest among Chinese banks' SOFR-based bond offerings with the same maturity. This issuance comprised a 3-year USD 500 million floating-rate bond and a 3-year EUR 500 million fixed-rate bond.
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