China Development Bank launches $30 billion debt issuance program

By William Gullotti

Buffalo, N.Y., Aug. 31 – China Development Bank via China Development Bank Hong Kong Branch has applied to list a $30 billion debt issuance program with the Stock Exchange of Hong Kong Ltd., according to an offering circular and a listing notice released Tuesday.

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.

According to the offering circular, proceeds of notes issued under the program will be used for working capital and general corporate purposes.

The Regulation S program takes effect Aug. 31.

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

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