China Development Bank eyes RMB 44 billion overseas, domestic debt

By Marisa Wong

Morgantown, W.Va., April 21 – China Development Bank Financial Leasing Co., Ltd. is proposing to issue up to RMB 44 billion of overseas and domestic debt financing instruments with maturities of up to 10 years, according to a company notice.

Proceeds will be used for business and operation needs and to replenish operating capital.

The proposed issuance is subject to shareholders’ approval.

The issuer is based in Shenzhen, China.

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