On December 28, 2016, China Development Bank (CDB) successfully raised a three-year syndicated loan of 1 billion pounds in the overseas market. It is CDB’s first overseas syndicated loan transaction, expected to be of positive significance to its foreign exchange financing with more diversified instruments and expanded channels.
The leading banks contributing to this overseas syndicated loan include HSBC, BOCHK, Bank of Communications (Hong Kong Branch), and Offshore Financial Center of CMBC, and the arranged banks include BNP Paribas and SCB. The raised funds in the transaction will be used to support CDB’s financing projects in the UK as a specific measure of implementing the UK-China Economic and Financial Dialogue, demonstrating CDB’s long-term commitment to and strong support to the cooperation between China and the UK in economy and trade, as well as in infrastructure investment.
As the world’s largest development finance institution and China’s largest bank specialized in foreign investment and financing cooperation, CDB has long been making great efforts to support the “Going Global” of China’s high-end equipment manufacturing industry. The transaction fully demonstrates CDB’s advantages in wholesale funding, and the high recognition of CDB’s quasi-sovereign ratings by overseas institutions, as well as their full confidence in CDB’s business performance and steady development.
CDB will continue its efforts in raising foreign exchange funds through various channels in overseas markets to promote the “One Belt, One Road” strategy and facilitate the “Going Global” of Chinese enterprises.
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