CDB to issue RMB 20 bln in bonds
Published: 07 Apr 2009 19:49:52 PSTApr. 8, 2009 (China Knowledge) - China Development Bank (CDB), which was converted from a policy lender into a stockholding commercial bank last year, will issue RMB 20 billion in seven-year financial bonds, the second batch this year, as per industry sources. According to the bank's statement, the bonds' value date is Apr. 15, 2009. The bank also has the option to issue additional bonds, sources said. At the end of last month, ZTE Corp<000063><763> announced that it had entered into a strategic partnership with CDB by signing a Development of Financial Cooperation Agreement. Pursuant to the agreement, the bank will extend a US$15 billion credit line to ZTE. Copyright © 2009 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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