CRI Home - Photo- Forums - Talk China - Surf China - About China -  
  Webcast | CRI Today | China | World | Biz | SciTech | Sports | Life | Showbiz | Easy FM | Learn Chinese / English | Weather | Events
CDB to Issue 500 Mln USD Bonds
2005-8-5 8:50:22      Xinhua
China Development Bank (CDB) said Thursday it will issue bonds totaling 500 million US dollars on Aug. 9 through the country's inter-bank market.

About CDB: China Development Bank History

This will be the first issue of US dollar-denominated debts this year by CDB, one of China's three policy banks and the leading lender backing the development of domestic infrastructure such as roads and bridges.

The bank issued the same amount of debts in the previous two years, kicking off a nationwide pilot plan for foreign currency-denominated bond issue on domestic market. A CDB spokesman said the new issue would be another "beneficial try".

China is likely to allow more domestic financial institutions and enterprises to issue foreign exchange debts on the heels of CDB in an effort to optimize the use of whopping foreign currency holdings domestically, analysts say.

CDB said underwriting group for its bonds include 16 overseas and domestic banks, insurers and stock brokerages.

        Talk China        Print        Email        Recommend
Related Stories:
v Illegal Bank in Shanghai Busted 08-04
v Bank of England Set for 1st Rate Cut in 2 years 08-03
v HSBC's Interim Pre-tax Profit Up 5% 08-02
v CCB to Charge Fees on Small Accounts 08-01

  Copyright of All rights reserved.

Reproduction of text for non-commercial purposes is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

postalChina Post is progressing with its scheme to merge its two sub-businesses.
textilePeter Mandelson said he would hold talks with Bo Xilai this week.
YahooChinese e-commerce operator is in the late stages of talks to sell a 35 percent stake to Yahoo Inc.
BOC IPO Could Take Place in 2005
China, Hong Kong, Japan, and Aussie Market Roundup 
CNOOC's Market Value Up By $7b
Producer Price Index Rises
Lenovo Profit Up 6% After IBM PC Buy
Power Supply Sees Robust Growth
HK Urges Manufacturers to Go "Green"
Major HK Banks's Interest Rate Hike
China Mobile First-Half Profit Rises