A great new issuer leaps forward

Financing China's mega-dam

Financing China’s mega-dam

The State Development Bank of China (SDB) is a credit the world can expect to hear more about.

Although it has so far made only two overseas fund raisings, following the success of its inaugural yankee and samurai issues, it is expected to return to these and other markets in the near future.

The SDB was established in 1994 as a policy-oriented financial institution, reporting directly to the state council, with a responsibility to procure financing for major projects in China.

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