Taiwan’s China Development Industrial eyes up to $1 billion debentures

By Marisa Wong

Madison, Wis., Nov. 10 – China Development Industrial Bank is planning to issue up to $1 billion of U.S. dollar-denominated financial debentures.

The debentures will be issued at par with maturities of 15 to 30 years. They will be callable two years after the issue date.

Proceeds will be used to improve the short- and long-term funding structure for the bank’s loan business in foreign currencies and to support the growth of its financial business, as well as to enhance liquidity.

The bank is based in Taipei, Taiwan.

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