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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
SDBC
China Development Bank€500
1APAC
Jun 29, 2026
currency
EUR
size (m)
500.000
maturity
Jul 6, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A1
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+40-45 area
ipt-pxd
-30.5
guidance
MS+12#
spread
12
coupon
2.75%
spread set
-
price
99.74500
yield
2.84%
book size (m)
2,100
peak book (m)
2,100
x-covered
4.2
book attrition
0.00%
nic
-8
billing & delivering
active leads
-
joint leads
ABC, BCI, BNP, BOC, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,100
peak book (m)
2,100
x-covered
4.2
book attrition
0.00%
nic
-8
billing & delivering
active leads
-
joint leads
ABC, BCI, BNP, BOC, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2100; Registration: Reg S Only; Comments: OBL 2.1 04/12/2029 #189 (DE000BU25026) @ 98.843 / 2.534% / +30.6bps / HR 108%;
Use of Proceeds
Working Capital and General Corporate Purposes
Relative Value

3yr (July 2029) @ MS+40 to +45

Implied Spread for fresh 3yr @ MS+20

Priced at MS+12
NIC of -8

COMPS

Security

Amt

Issued

B ISpd

SDBC

2¼ 28

500MM

14

EXIMCH

2⅝ 27

500MM

24

ICBCAS

2¾ 29

500MM

22

CHINA

2⅝ 29

2.5MMM

6